INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 701

EIN: 362151869

WARRENVILLE, IL

Total Revenue
$3,522,415
Total Expenses
$3,486,738
Total Assets
$6,718,096
Net Assets
$6,355,443
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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
IL
Principal Officer
ANTHONY GIUNTI
Phone
6303931701
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 701, founded in 1911, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023.

Mission

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

Program Service Accomplishments

Program 1

TO ORGANIZE ALL WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS. THERE WERE 1,409 MEMBERS AT YEAR END.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,516,857
Investment Income $3,420
Other Revenue $2,138
TOTAL REVENUE $3,522,415

Expense Breakdown

Grants Paid $77,499
Salaries & Benefits $2,113,423
Fundraising Expenses $0
Other Expenses $1,295,816
TOTAL EXPENSES $3,486,738

Year-over-Year Comparison

2023 2022 Change
Revenue $3,522,415 $3,286,321 +0.1%
Expenses $3,486,738 $3,498,718 0.0%
Net Income $35,677 $-212,397 -1.2%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
20
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
13
$433,159
Total Directors
10
$433,159
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY GIUNTI BUSINESS MANAGER/FIN SEC 40.00
Officer Director
$166,849 $118,818 $285,667
WILLIAM DREW PRESIDENT 3.00
Officer Director
$5,336 $0 $5,336
BRIAN BENSON TREASURER 3.00
Officer Director
$3,201 $0 $3,201
BRIAN SCHULZ FORMER EXEC BOARD/MEM DEVELOP 40.00
Officer Director
$72,431 $44,625 $117,056
JOHN BERGNER RECORDING SECRETARY 3.00
Officer Director
$8,003 $0 $8,003
JAMES POKORNY JR FORMER EXEC BOARD 3.00
Officer Director
$2,929 $0 $2,929
JIM VILETA JR EXECUTIVE BOARD 3.00
Officer Director
$3,201 $0 $3,201
JASON PHELPS VICE PRESIDENT 3.00
Officer Director
$3,201 $0 $3,201
TOM IMBURGIA EXECUTIVE BOARD 3.00
Officer Director
$3,201 $0 $3,201
BENJAMIN KRAMER EXECUTIVE BOARD 3.00
Officer Director
$1,364 $0 $1,364
DEBBIE ERBACH EXAMINING BOARD 3.00
Officer
$0 $0 $0
STEVE KOENIG EXAMINING BOARD 3.00
Officer
$0 $0 $0
NICK MOSSMAN EXAMINING BOARD 3.00
Officer
$0 $0 $0
BOB PERREAULT BUSINESS REPRESENTATIVE 40.00
Highest
$170,167 $110,006 $280,173
FRANK GRAVINA BUSINESS REPRESENTATIVE 40.00
Highest
$174,119 $113,978 $288,097
JOHN ROTI BUSINESS REPRESENTATIVE 40.00
Highest
$170,167 $110,006 $280,173
MATT BANKS COMPTROLLER 40.00
Highest
$106,240 $36,673 $142,913
ALBERTO LOMELI BUSINESS REPRESENTATIVE 40.00
Highest
$169,567 $110,006 $279,573
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 No data No data No data No data
2023 $3,522,415 $3,486,738 $6,718,096 $35,677
2022 $3,286,321 $3,498,718 $6,317,155 $-212,397
2021 $3,472,644 $3,246,359 $6,987,972 $226,285
2020 $3,076,071 $3,180,660 $6,807,743 $-104,589
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