INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1377 (EIN 340643105) - 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

1944

Legal Domicile

Principal Officer

MICHAEL LASKA

Phone

2166511377

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1377, founded in 1944, is a small nonprofit that reported $259K in total revenue in fiscal year 2023. Expenses of $249K left a modest 4% surplus.

Mission

TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZING, NEGOTIATIONS AND 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 $258,183

Investment Income $596

Other Revenue $0

TOTAL REVENUE $258,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,249

Fundraising Expenses $0

Program Expenses $204,665

Other Expenses $89,986

TOTAL EXPENSES $249,235

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,779	$245,457	+0.1%
Expenses	$249,235	$243,286	+0.0%
Net Income	$9,544	$2,171	+3.4%

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

236

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

$2,700

Total Directors

$2,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LASKA	TREAS/SEC	10.00	Officer	$1,260	$0	$1,260
RICHARD PHILLIPS	PRESIDENT	10.00	Officer	$840	$0	$840
KEVIN BUNDAY	VP	10.00	Officer	$600	$0	$600
JAMES CASCIANO	EXECUTIVE BO	2.00	Director	$480	$0	$480
CHAD HOERT	EXECUTIVE BO	2.00	Director	$480	$0	$480
RICHARD MATZELLE	EXECUTIVE BO	2.00	Director	$480	$0	$480
DENNIS HOERT	CHIEF STEWAR	2.00	Director	$369	$0	$369
ALEKSEY KURCHIN	CHIEF STEWAR	2.00	Director	$369	$0	$369
CARLOS RIVERA	EXECUTIVE BO	2.00	Director	$369	$0	$369

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
2024	No data	No data	No data	No data
2023	$258,779	$249,235	$51,828	$9,544
2022	$245,457	$243,286	$42,019	$2,171
2021	$296,567	$544,408	$42,911	$-247,841
2020	$278,577	$266,016	$293,303	$12,561
2019	$344,620	$341,716	$277,227	$2,904
2018	$323,069	$364,548	$269,303	$-41,479

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS 1377