INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 246 (EIN 340308364) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1901

Legal Domicile

Principal Officer

KEVAN BROWN

Phone

7402827572

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 246, founded in 1901, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $2.7M represent 29 months of operating reserves.

Mission

TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS AND THEIR FAMILIES; TO SECURE ADEQUATE WAGES, WORKING CONDITIONS, AND OPPORTUNITIES OF EMPLOYMENT; TO ENCOURAGE ITS MEMBERS TO VOTE IN THE INTEREST OF OBTAINING HIGHER STANDARDS OF CITIZENSHIP; AND TO SECURE ADEQUATE LEGISLATION WHICH WILL PROMOTE PRINCIPLES OF FREE COLLECTIVE BARGAINING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $858,040

Investment Income $192,987

Other Revenue $79,434

TOTAL REVENUE $1,130,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $713,111

Fundraising Expenses $0

Program Expenses $908,993

Other Expenses $422,439

TOTAL EXPENSES $1,135,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,130,461	$970,035	+0.2%
Expenses	$1,135,550	$1,157,815	0.0%
Net Income	$-5,089	$-187,780	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$365,368

Total Directors

$142,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BURDETTE	EXECUTIVE BOARD	2.00	Director	$836	$0	$836
LEONARD CORONA	EXECUTIVE BOARD	2.00	Director	$1,386	$0	$1,386
JOHN FENSKE	EXECUTIVE BOARD	2.00	Director	$748	$0	$748
DAVID PIETRO	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MARK FITZPATRICK	EXECUTIVE BOARD	2.00	Director	$1,122	$0	$1,122
ERIC NUTTER	PRIOR BUSINESS MANAGER	50.00	Director	$78,324	$59,959	$138,283
KEVAN BROWN	BUSINESS MANAGER	50.00	Officer	$154,590	$87,025	$241,615
FRANK REDMOND	PRESIDENT	2.00	Officer	$900	$0	$900
BRIAN KENDZIORSKI	RECORDING SECRETARY	2.00	Officer	$0	$0	$0
JOSH SMITH	TREASURER	2.00	Officer	$0	$0	$0
GREG SERAFINI	VICE PRESIDENT/ORGANIZER	50.00	Officer	$82,764	$40,089	$122,853

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$1,130,461	$1,135,550	$2,726,137	$-5,089
2023	$970,035	$1,157,815	$2,546,381	$-187,780
2022	$883,460	$1,036,630	$2,778,756	$-153,170
2021	$1,526,466	$1,016,912	$3,244,957	$509,554
2020	$975,176	$1,023,796	$1,855,810	$-48,620
2019	$1,038,930	$986,387	$1,912,207	$52,543
2018	$814,697	$908,933	$1,858,502	$-94,236

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 246