INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 538 (EIN 370276652) - 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

1907

Legal Domicile

Principal Officer

AARON GOODRUM

Phone

2174420996

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 538, founded in 1907, is a small nonprofit that reported $601K in total revenue in fiscal year 2023. Expenses of $538K left a modest 10% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $576,696

Investment Income $3,796

Other Revenue $20,046

TOTAL REVENUE $600,538

Expense Breakdown

Grants Paid $6,928

Salaries & Benefits $321,009

Fundraising Expenses $0

Other Expenses $210,242

TOTAL EXPENSES $538,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$600,538	$556,768	+0.1%
Expenses	$538,179	$524,901	+0.0%
Net Income	$62,359	$31,867	+1.0%

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

$165,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON GOODRUM	BUS MGR / FIN'L SECY	45.00	Officer	$106,128	$49,263	$155,391
AARON KOSS	RECORDING SECRETARY	2.00	Officer	$1,381	$0	$1,381
BRANDON GRUBE	EXECUTIVE BOARD	2.00	Officer	$920	$0	$920
CALEB BROWN	EXECUTIVE BOARD	2.00	Officer	$920	$0	$920
DAVID DUENSING	EXECUTIVE BOARD	2.00	Officer	$920	$0	$920
JOHN AQUINO	PRESIDENT	2.00	Officer	$1,841	$0	$1,841
JOSHUA MYERS	EXECUTIVE BOARD	2.00	Officer	$1,107	$0	$1,107
KOBY CARRELL	VICE-PRESIDENT	2.00	Officer	$508	$0	$508
MARK KOCH	EXECUTIVE BOARD	2.00	Officer	$1,546	$0	$1,546
VERA MARTIN	SECRETARY-TREASURER	2.00	Officer	$1,429	$0	$1,429

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	$600,538	$538,179	$490,097	$62,359
2022	$556,768	$524,901	$425,026	$31,867
2021	$431,794	$463,604	$395,192	$-31,810
2020	$427,739	$441,387	$427,037	$-13,648
2019	$522,793	$538,405	$441,810	$-15,612
2018	$480,905	$524,439	$455,987	$-43,534

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 538