INTL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 309 (EIN 370347385) - 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

1902

Legal Domicile

Principal Officer

CHRIS HANKINS

Phone

6183455112

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL 309, founded in 1902, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2018. Expenses of $2.4M left a modest 4% surplus.

Mission

ORGANIZE AND REPRESENT UNION MEMBERS REGARDING WAGES, BENEFITS AND WORKING CONDITIONS.

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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 $24,981

Program Service Revenue $2,630,830

Investment Income $135,223

Other Revenue $160,805

TOTAL REVENUE $2,951,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,726,918

Fundraising Expenses $0

Other Expenses $1,576,980

TOTAL EXPENSES $3,316,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,951,839	$2,998,140	0.0%
Expenses	$3,316,898	$2,793,965	+0.2%
Net Income	$-365,059	$204,175	-2.8%

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

$283,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HANKINS	BUSINESS MANAGER	40.00	Officer	$149,833	$29,960	$179,793
CARLOS PEREZ	ASSISTANT BUSINESS MANAGER	40.00	Highest	$147,801	$29,785	$177,586
STEVEN DUFT	ASSISTANT BUSINESS MANAGER	40.00	Highest	$147,753	$29,268	$177,021
MARK LINK	ASSISTANT BUSINESS MANAGER	40.00	Highest	$147,753	$29,267	$177,020
DUSTIN GRICE	ORGANIZER	40.00	Officer	$78,754	$12,943	$91,697
BRIAN HUTSON	EXECUTIVE BOARD	1.00	Officer	$2,889	$0	$2,889
JOHN GARRETT	PRESIDENT	1.00	Officer	$2,656	$0	$2,656
TYLER MUETH	VICE PRESIDENT	1.00	Officer	$2,229	$0	$2,229
COLLIN WASSON	EXECUTIVE BOARD	1.00	Officer	$854	$0	$854
DAVID RHYMER	RECORDING SECRETARY	1.00	Officer	$665	$0	$665
JACOB ALBERS	EXECUTIVE BOARD	1.00	Officer	$570	$0	$570
RONALD SCOTT	EXECUTIVE BOARD	1.00	Officer	$475	$0	$475
STEPHEN ERSPAMER	EXECUTIVE BOARD	1.00	Officer	$427	$0	$427
ANDREW RIEBOLD	EXECUTIVE BOARD	1.00	Officer	$288	$0	$288
ADAM BIAGI	EXECUTIVE BOARD	1.00	Officer	$288	$0	$288
MICHAEL MEINHARDT	EXECUTIVE BOARD	1.00	Officer	$284	$0	$284
STEPHEN LODES	EXECUTIVE BOARD	1.00	Officer	$241	$0	$241
MATTHEW BURKE	EXECUTIVE BOARD	1.00	Officer	$94	$0	$94
TIMOTHY UNVERZAGT	EXECUTIVE BOARD	1.00	Officer	$46	$0	$46

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	$2,951,839	$3,316,898	$5,817,985	$-365,059
2023	$2,998,140	$2,793,965	$5,565,647	$204,175
2022	$2,769,544	$2,436,641	$5,361,795	$332,903
2021	$2,703,030	$2,075,904	$5,028,280	$627,126
2020	$2,627,160	$2,417,413	$4,386,707	$209,747
2019	$2,431,066	$2,255,719	$4,173,877	$175,347
2018	$2,550,955	$2,446,663	$4,004,690	$104,292

INTL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 309