INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 697 (EIN 350415488) - 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

1911

Legal Domicile

Principal Officer

FELIPE HERNANDEZ

Phone

2198446386

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 697, founded in 1911, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Expenses of $3.3M left a modest 8% surplus.

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 $3,096,239

Investment Income $289,948

Other Revenue $154,348

TOTAL REVENUE $3,540,535

Expense Breakdown

Grants Paid $147,379

Salaries & Benefits $1,211,634

Fundraising Expenses $0

Other Expenses $1,671,797

TOTAL EXPENSES $3,267,356

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,540,535	$3,432,383	+0.0%
Expenses	$3,267,356	$3,124,244	+0.0%
Net Income	$273,179	$308,139	-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

$301,857

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELIPE HERNANDEZ	BUSINESS MANAGER/FINANCIAL	50.00	Officer	$178,454	$68,205	$246,659
ANDREW SABERNIAK	TREASURER	2.00	Officer	$4,480	$2,100	$6,580
DONALD BULLOCK	PRESIDENT	2.00	Officer	$10,383	$5,227	$15,610
ROMAN BRONSON	VICE PRESIDENT	2.00	Officer	$2,220	$0	$2,220
TERESA BARANOWSKI	EXECUTIVE BOARD	2.00	Officer	$1,920	$264	$2,184
JULIANNE GUIDOTTI	RECORDING SECRETARY	2.00	Officer	$4,014	$1,546	$5,560
TAYLOR KIMES	EXECUTIVE BOARD	2.00	Officer	$3,408	$819	$4,227
LLOYD MARTINEZ	EXECUTIVE BOARD	2.00	Officer	$4,714	$1,905	$6,619
CHARLES MILLER	EXECUTIVE BOARD	2.00	Officer	$6,133	$2,848	$8,981
MICHAEL RASETA	EXECUTIVE BOARD	2.00	Officer	$2,690	$527	$3,217
NICK HARDESTY	BUSINESS AGENT	40.00	Highest	$145,131	$68,205	$213,336
BRION GROOMS	BUSINESS AGENT	40.00	Highest	$144,339	$68,205	$212,544

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	$3,540,535	$3,267,356	$12,383,755	$273,179
2024	$3,432,383	$3,124,244	$12,110,574	$308,139
2023	$3,252,320	$2,811,830	$11,802,435	$440,490
2022	$2,685,730	$2,579,142	$11,361,945	$106,588
2021	$2,312,749	$2,356,524	$11,255,795	$-43,775
2020	$2,162,563	$2,541,224	$11,299,209	$-378,661
2019	$2,633,513	$2,359,667	$11,677,992	$273,846
2018	$2,488,776	$2,383,382	$11,404,154	$105,394

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 697