INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 481 (EIN 350289840) - 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

1906

Legal Domicile

Principal Officer

JEFF WHEELER

Phone

3179232596

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 481, founded in 1906, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 30% operating margin.

Mission

LABOR UNION

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,862,118

Investment Income $387,528

Other Revenue $79,104

TOTAL REVENUE $12,328,750

Expense Breakdown

Grants Paid $310,876

Salaries & Benefits $2,746,563

Fundraising Expenses $0

Other Expenses $5,341,271

TOTAL EXPENSES $8,632,930

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,328,750	$9,763,172	+0.3%
Expenses	$8,632,930	$7,753,024	+0.1%
Net Income	$3,695,820	$2,010,148	+0.8%

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

$512,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS GRIDER	PRESIDENT	1.00	Officer	$11,523	$5,865	$17,388
ROGER BRUNK	VICE PRESIDENT	1.00	Officer	$541	$0	$541
BRIAN SECOR	RECORDING SECRETARY	1.00	Officer	$3,778	$1,467	$5,245
CHAD ISON	EXECUTIVE BOARD	1.00	Officer	$5,058	$2,262	$7,320
GARY NEWCOM	EXECUTIVE BOARD	1.00	Officer	$2,884	$904	$3,788
WAYNE STEVENS	EXAM BOARD	1.00	Officer	$5,598	$3,127	$8,725
CLIFTON PITTMAN	EXECUTIVE BOARD	1.00	Officer	$3,858	$1,355	$5,213
PAUL MEYERS	EXAM BOARD	1.00	Officer	$6,347	$3,382	$9,729
JEFF WHEELER	FINL SECY-BUS MGR	50.00	Officer	$138,654	$80,200	$218,854
BLAKE ANDREWS	TREASURER/ASST BUS MGR	50.00	Officer	$131,586	$77,891	$209,477
JEREMY ORCUTT	EXAM BOARD	1.00	Officer	$7,612	$4,148	$11,760
KENDRICK CARPENTER	EXECUTIVE BOARD	1.00	Officer	$4,951	$2,150	$7,101
ESA JONES	EXECUTIVE BOARD	1.00	Officer	$5,614	$2,045	$7,659
LANCE BRADBURY	BUSINESS REP	50.00	Highest	$131,586	$77,891	$209,477
JASON BURCHAM	BUSINESS REP	50.00	Highest	$131,586	$77,891	$209,477
KEITH CAULK	BUSINESS REP	50.00	Highest	$131,586	$77,891	$209,477
DOMINIC COLLINS	BUSINESS REP	50.00	Highest	$131,586	$77,891	$209,477
JASON MCINTOSH	BUSINESS REP	50.00	Highest	$131,586	$77,891	$209,477

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	$12,328,750	$8,632,930	$15,370,792	$3,695,820
2024	$9,763,172	$7,753,024	$11,703,102	$2,010,148
2023	$7,968,558	$7,103,186	$9,663,985	$865,372
2022	$6,248,012	$6,316,269	$8,765,686	$-68,257
2021	$6,448,648	$5,632,065	$8,803,805	$816,583
2020	$6,543,273	$5,976,741	$7,904,451	$566,532
2019	$6,170,251	$5,888,210	$7,212,712	$282,041
2018	$5,587,687	$6,286,129	$6,800,118	$-698,442

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 481