LOCAL UNION 461 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN 361264165) - 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

1913

Legal Domicile

Principal Officer

MARK SEPPELFRICK

Phone

6308970461

Tax Period

2024-01-01 to 2024-12-31

LOCAL UNION 461 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, founded in 1913, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $441K, a strong 21% operating margin.

Mission

THE LOCAL UNION ORGANIZES ELECTRICAL WORKERS FOR THEIR MORAL, ECONOMIC AND SOCIAL ADVANCEMENT. TO ACHIEVE THIS PURPOSE, THE LOCAL UNION NEGOTIATES COLLECTIVE BARGAINING AGREEMENTS WITH EMPLOYERS ON BEHALF OF THE MEMBERS OF THE LOCAL 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,803,653

Investment Income $50,596

Other Revenue $244,643

TOTAL REVENUE $2,098,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $732,085

Fundraising Expenses $0

Other Expenses $925,555

TOTAL EXPENSES $1,657,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,098,892	$1,393,996	+0.5%
Expenses	$1,657,640	$1,347,149	+0.2%
Net Income	$441,252	$46,847	+8.4%

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

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

$254,072

Total Directors

$314,056

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SEPPELFRICK	PRESIDENT	2.00	Officer Director	$4,622	$0	$4,622
KENNETH MASON	VICE PRESIDE	2.00	Officer Director	$580	$0	$580
BERT JONES	TREASURER	2.00	Officer Director	$1,000	$0	$1,000
JOEL PYLE II	BUSINESS MAN	42.00	Officer Director	$157,924	$87,685	$245,609
KYLE VEEDER	RECORDING SE	2.00	Officer Director	$2,261	$0	$2,261
WILLIAM BIRDWELL	EXECUTIVE BO	2.00	Director	$690	$0	$690
MATT THATCHER	EXECUTIVE BO	40.00	Director	$57,459	$0	$57,459
DOUG THATCHER	EXECUTIVE BO	2.00	Director	$630	$0	$630
JUSTIN ANGELO	EXECUTIVE BO	2.00	Director	$515	$0	$515
ANTHONY MASELLIS	EXECUTIVE BO	2.00	Director	$690	$0	$690

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
2024	$2,098,892	$1,657,640	$4,404,606	$441,252
2023	$1,393,996	$1,347,149	$4,064,025	$46,847
2022	$1,308,514	$1,337,636	$4,076,071	$-29,122
2021	$1,299,054	$1,204,833	$4,331,412	$94,221
2020	$1,175,410	$1,237,631	$4,352,515	$-62,221
2019	$1,359,127	$1,231,413	$4,471,029	$127,714
2018	$1,451,872	$1,179,825	$4,383,146	$272,047

LOCAL UNION 461 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS