INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 34 (EIN 370347390) - 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

1899

Legal Domicile

Principal Officer

TIM SPROUT

Phone

3096733691

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 34, founded in 1899, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Expenses of $3.2M left a modest 11% surplus.

Mission

OPERATION OF AN ELECTRICAL WORKERS LOCAL UNION

🔒

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 $28,055

Program Service Revenue $3,249,136

Investment Income $255,778

Other Revenue $43,016

TOTAL REVENUE $3,575,985

Expense Breakdown

Grants Paid $63,161

Salaries & Benefits $1,339,473

Fundraising Expenses $0

Other Expenses $1,685,000

TOTAL EXPENSES $3,197,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,575,985	$3,369,169	+0.1%
Expenses	$3,197,634	$2,963,678	+0.1%
Net Income	$378,351	$405,491	-0.1%

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

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

$221,349

Total Directors

$65,804

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CARRITHERS	EXECUTIVE BOARD	1.00	Director	$5,417	$1,140	$6,557
ROBERT SHEELY	EXECUTIVE BOARD	1.00	Director	$6,780	$1,749	$8,529
JACOB NAYLOR	EXECUTIVE BOARD	1.00	Director	$4,358	$919	$5,277
GEORGE RUDD	PRESIDENT	1.00	Officer Director	$17,663	$5,419	$23,082
PATRICK FIELD	EXECUTIVE BOARD	1.00	Director	$4,045	$907	$4,952
ED VANNATTAN	EXECUTIVE BOARD	1.00	Director	$3,788	$509	$4,297
KEVIN WILLIAMS	RECORDING SECRETARY	1.00	Director	$11,697	$1,413	$13,110
BRIAN BONG	TREASURER	1.00	Officer	$8,706	$1,730	$10,436
TIM SPROUT	BUSINESS MANAGER/FINL SEC.	40.00	Officer	$132,274	$55,557	$187,831
TERRY SMITH	FIELD REP	40.00	Highest	$120,505	$55,557	$176,062
STEVEN MAROLD	FIELD REP	40.00	Highest	$119,962	$55,557	$175,519
JEREMIAH SHULTZ	FIELD REP	40.00	Highest	$119,062	$54,048	$173,110
MIKE KENNEY	FIELD REP	40.00	Highest	$116,564	$47,649	$164,213

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
2025	$3,575,985	$3,197,634	$8,528,951	$378,351
2024	$3,369,169	$2,963,678	$7,868,902	$405,491
2023	$2,880,815	$2,697,827	$7,218,612	$182,988
2022	$2,758,009	$2,492,341	$6,856,260	$265,668
2021	$2,390,909	$2,256,582	$7,390,829	$134,327
2020	$2,839,163	$2,255,288	$6,461,342	$583,875
2019	$2,584,124	$2,387,793	$5,076,248	$196,331
2018	$2,377,828	$2,432,249	$4,874,425	$-54,421

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 34