INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 531 (EIN 350312181) - 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

1938

Legal Domicile

Principal Officer

JIM CLARIDA

Phone

2193622119

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 531, founded in 1938, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $815K, 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 $2,569,124

Investment Income $74,624

Other Revenue $50,169

TOTAL REVENUE $2,693,917

Expense Breakdown

Grants Paid $69,003

Salaries & Benefits $889,560

Fundraising Expenses $0

Other Expenses $908,652

TOTAL EXPENSES $1,879,215

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,693,917	$2,287,813	+0.2%
Expenses	$1,879,215	$2,065,548	-0.1%
Net Income	$814,702	$222,265	+2.7%

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

$253,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM CLARIDA	BUS MGR/FIN SECY	40.00	Officer	$166,045	$64,263	$230,308
JAKE ELLIS	PRESIDENT	1.00	Officer	$3,624	$0	$3,624
THOMAS PAHS	VICE PRESIDENT	1.00	Officer	$2,963	$0	$2,963
ERIC CUSICK	TREASURER	1.00	Officer	$3,727	$0	$3,727
DAVID KOHLER	RECORDING SECRETARY	1.00	Officer	$4,393	$0	$4,393
DAVID PLUTA	EXECUTIVE BOARD	1.00	Officer	$3,267	$1,009	$4,276
ROB FREEMAN	EXECUTIVE BOARD	1.00	Officer	$1,807	$0	$1,807
ERIC WATSON	EXECUTIVE BOARD	1.00	Officer	$1,905	$0	$1,905
SHAWN BOREN	ORGANIZER	40.00	Highest	$140,510	$64,263	$204,773
JOSHUA PAYNE	ASST. BUS MGR	40.00	Highest	$140,834	$64,263	$205,097

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	$2,693,917	$1,879,215	$4,244,375	$814,702
2024	$2,287,813	$2,065,548	$3,457,991	$222,265
2023	$1,896,254	$1,578,072	$2,902,833	$318,182
2022	$1,573,598	$1,353,848	$2,595,684	$219,750
2021	$1,107,951	$1,168,546	$2,402,069	$-60,595
2020	$1,140,899	$1,220,833	$2,485,649	$-79,934
2019	$1,188,872	$1,174,622	$2,590,981	$14,250
2018	$1,495,582	$1,163,424	$2,597,822	$332,158

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 531