INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 196 (EIN 361264210) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1931

Legal Domicile

Principal Officer

DEREK LUETGERT

Phone

6307611829

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 196, founded in 1931, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $3.4M left a modest 6% surplus.

Mission

TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITIONS AND STATUS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,088,865

Investment Income $323,167

Other Revenue $210,538

TOTAL REVENUE $3,622,570

Expense Breakdown

Grants Paid $101,498

Salaries & Benefits $1,651,682

Fundraising Expenses $0

Other Expenses $1,634,007

TOTAL EXPENSES $3,387,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,622,570	$3,837,590	-0.1%
Expenses	$3,387,187	$2,907,866	+0.2%
Net Income	$235,383	$929,724	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$656,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB WHITE	PRESIDENT	3.00	Officer	$1,833	$0	$1,833
TROY HARRINGTON	TREASURER	3.00	Officer	$0	$0	$0
KIRBY KLIEMANN	E-BOARD	3.00	Officer	$0	$0	$0
DEREK LEUTGERT	FINANCIAL SECRETARY/BUSINE	40.00	Officer	$197,125	$90,533	$287,658
TODD WILLIAMS	RECORDING SECRETARY/ASST BUS MGR	40.00	Officer	$180,755	$82,798	$263,553
ANDREW TAFT	FORMER RECORDING SECRETARY	3.00	Officer	$66,928	$35,157	$102,085
DAN HEALY	VICE PRESIDENT	3.00	Officer	$0	$0	$0
JOHN KIRBY	EXAMINING BOARD	3.00	Officer	$0	$0	$0
GARRETT SULLIVAN	EXAMINING BOARD	3.00	Officer	$0	$0	$0
MIKE RAMSEY	EXAMINING BOARD	3.00	Officer	$0	$0	$0
EDWARD REGELBRUGGE	E-BOARD	3.00	Officer	$1,021	$0	$1,021
JAKE BLANK	E-BOARD	3.00	Officer	$0	$0	$0
MIKE CASSIDY	ASSISTANT BUSINESS MANAGER	40.00	Highest	$181,659	$84,491	$266,150
GREG DOSS	FORMER MEMBERSHIP DEVELOPMENT	40.00	Highest	$179,665	$84,491	$264,156
JUDITH MARTINEZ	OFFICE MANAGER	40.00	Highest	$103,400	$37,896	$141,296

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	$3,622,570	$3,387,187	$11,168,950	$235,383
2023	$3,837,590	$2,907,866	$10,720,376	$929,724
2022	$3,250,789	$2,534,288	$9,566,785	$716,501
2021	$3,324,339	$2,054,935	$8,984,999	$1,269,404
2020	$2,932,083	$2,153,098	$7,700,774	$778,985
2019	$2,443,092	$1,902,853	$6,907,116	$540,239

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 196