INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 668 (EIN 350415628) - 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

1954

Legal Domicile

Principal Officer

JEREMIE PEARSON

Phone

7654741021

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 668, founded in 1954, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $1.9M left a modest 4% 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 $1,853,348

Investment Income $71,683

Other Revenue $21,094

TOTAL REVENUE $1,946,125

Expense Breakdown

Grants Paid $101,543

Salaries & Benefits $770,023

Fundraising Expenses $0

Other Expenses $989,465

TOTAL EXPENSES $1,861,031

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,946,125	$2,075,326	-0.1%
Expenses	$1,861,031	$1,696,891	+0.1%
Net Income	$85,094	$378,435	-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

$478,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMIE PEARSON	BUSINESS MANAGER/FIN SEC	40.00	Officer	$103,015	$46,950	$149,965
JAMES COHAGAN JR	PRESIDENT	40.00	Officer	$100,792	$46,950	$147,742
COREY BASSETT	TREASURER - PAST	40.00	Officer	$100,288	$46,950	$147,238
DAVID HUGHES	RECORDING SECRETARY	1.00	Officer	$1,832	$189	$2,021
GREG JONES	EXECUTIVE BOARD	1.00	Officer	$4,336	$190	$4,526
CLINTON FLYNN	EXECUTIVE BOARD - PAST	1.00	Officer	$866	$0	$866
EMILY JACKSON	EXECUTIVE BOARD - PAST	1.00	Officer	$3,601	$573	$4,174
MICHAEL FOSHEE	EXECUTIVE BOARD	1.00	Officer	$1,872	$191	$2,063
TED LYNDE	EXECUTIVE BOARD	1.00	Officer	$1,872	$191	$2,063
TYLER BILYEU	EXAM BOARD - PAST	1.00	Officer	$866	$0	$866
CHARLES LEAKE	EXAM BOARD - PAST	1.00	Officer	$1,863	$0	$1,863
LYNN ROUDEBUSH	VICE PRESIDENT	1.00	Officer	$523	$191	$714
JEFFREY SCHOEN	EXECUTIVE BOARD - NEW; EXAM BOARD - PAST	1.00	Officer	$4,175	$767	$4,942
JOSHUA KEENE	EXECUTIVE BOARD - NEW	1.00	Officer	$1,006	$190	$1,196
JAMES LANE	TREASURER - NEW	1.00	Officer	$5,052	$838	$5,890
TANDREK RARDIN	EXAM BOARD - NEW	1.00	Officer	$1,006	$191	$1,197
BENJAMIN ROY	EXAM BOARD - NEW	1.00	Officer	$630	$0	$630
THOMAS SHIPP JR	EXAM BOARD - NEW	1.00	Officer	$630	$0	$630

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	$1,946,125	$1,861,031	$3,889,271	$85,094
2024	No data	No data	No data	No data
2023	$1,798,135	$1,750,913	$3,540,243	$47,222
2022	$1,818,512	$1,413,831	$3,427,774	$404,681
2021	$1,430,418	$1,274,273	$3,085,554	$156,145
2020	$1,226,179	$1,259,099	$2,508,728	$-32,920
2019	$961,942	$1,063,320	$2,351,365	$-101,378
2018	$1,087,150	$1,142,575	$2,452,052	$-55,425

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 668