INTERNATIONAL BROTHERHOOD OF ELEC LOCAL UNION 1424 (EIN 350792948) - 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

1950

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

INTERNATIONAL BROTHERHOOD OF ELEC LOCAL UNION 1424, founded in 1950, is a small nonprofit that reported $119K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year.

Mission

Labor representation

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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 (2022)

Revenue Breakdown

Contributions & Grants $118,905

Program Service Revenue $0

Investment Income $24

Other Revenue $0

TOTAL REVENUE $118,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,252

Fundraising Expenses $0

Program Expenses $125,654

Other Expenses $84,402

TOTAL EXPENSES $125,654

Year-over-Year Comparison

	2022	2021	Change
Revenue	$118,929	$138,937	-0.1%
Expenses	$125,654	$154,371	-0.2%
Net Income	$-6,725	$-15,434	-0.6%

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

232

Independent Members

232

Employees

Volunteers

232

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

$33,353

Total Directors

$22,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George F Ledbetter	Business Manager	10.00	Officer Director	$11,456	$0	$11,456
Kristopher L Withers	President	10.00	Officer Director	$8,478	$0	$8,478
Clair K OConnell	President	10.00	Officer	$4,552	$0	$4,552
Brandon H Hatfield	Secretary	5.00	Officer	$2,896	$0	$2,896
Christopher L Harris	Treasurer	5.00	Officer Director	$2,685	$0	$2,685
Kimberly J Burton	Recording Secretary	5.00	Officer	$2,236	$0	$2,236
John T Jett	Vice-President	5.00	Officer	$1,050	$0	$1,050

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
2022	$118,929	$125,654	$9,294	$-6,725
2021	$138,937	$154,371	$21,175	$-15,434
2020	$192,490	$165,709	$41,441	$26,781
2019	$221,225	$188,718	$21,448	$32,507
2018	$193,536	$202,672	$-160	$-9,136

INTERNATIONAL BROTHERHOOD OF ELEC LOCAL UNION 1424