IBEW LOCAL UNION NO 129 (EIN 340443362) - 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

1956

Legal Domicile

Principal Officer

JOHN NOVAK

Phone

4402337156

Tax Period

2023-07-01 to 2024-06-30

IBEW LOCAL UNION NO 129, founded in 1956, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $459K, a strong 29% operating margin.

Mission

JOB PLACEMENT AND CONDITIONS FOR MEMBERS

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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 $1,482,315

Program Service Revenue $0

Investment Income $84,836

Other Revenue $10,920

TOTAL REVENUE $1,578,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $463,706

Fundraising Expenses $0

Program Expenses $740,283

Other Expenses $655,395

TOTAL EXPENSES $1,119,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,578,071	$1,393,171	+0.1%
Expenses	$1,119,101	$975,979	+0.1%
Net Income	$458,970	$417,192	+0.1%

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

N/A

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

$265,439

Total Directors

$268,349

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD ROARK	PRESIDENT	40.00	Officer Director	$89,766	$19,596	$109,362
JOHN NOVAK	BUSINESS MANAGER/FINANCIAL	40.00	Officer Director	$105,906	$45,389	$151,295
KURT KAUK	TREASURER	0.50	Officer Director	$519	$0	$519
MARC SCHUESZLER	RECORDING SECRETARY	0.50	Officer Director	$519	$0	$519
PATRICK BELL	TRUSTEE	0.50	Director	$414	$0	$414
JAY HASENFLUE	TRUSTEE	0.50	Director	$648	$0	$648
PAUL KRESS	TRUSTEE	0.50	Director	$0	$808	$808
PAUL REEVES	TRUSTEE	0.50	Director	$120	$0	$120
MARK BURNETTE	TRUSTEE	0.50	Director	$648	$0	$648
MARIUS PRIDE	VICE PRESIDENT	0.50	Officer Director	$3,744	$0	$3,744
DARIN DARMOS	TRUSTEE	0.50	Director	$272	$0	$272

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	$1,578,071	$1,119,101	$2,988,370	$458,970
2023	$1,393,171	$975,979	$2,434,958	$417,192
2022	$1,361,270	$826,724	$1,973,921	$534,546
2021	$918,666	$854,718	$1,653,105	$63,948
2020	$904,463	$795,355	$1,518,154	$109,108
2019	$843,768	$803,256	$1,408,023	$40,512

IBEW LOCAL UNION NO 129