INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 702 (EIN 370347404) - 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

1911

Legal Domicile

Principal Officer

CHARLES HUGHART

Phone

6189322102

Tax Period

2024-06-01 to 2025-05-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 702, founded in 1911, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2017. Expenses of $5.7M 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,698,512

Investment Income $541,358

Other Revenue $200,154

TOTAL REVENUE $9,440,024

Expense Breakdown

Grants Paid $133,549

Salaries & Benefits $3,338,891

Fundraising Expenses $0

Other Expenses $3,361,168

TOTAL EXPENSES $6,833,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,440,024	$7,947,827	+0.2%
Expenses	$6,833,608	$7,268,241	-0.1%
Net Income	$2,606,416	$679,586	+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

N/A

Employees

114

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

$414,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SANCHEZ	PRESIDENT/BUSINESS REP	40.00	Officer	$40,627	$44,797	$85,424
KEITH ATCHISON	VICE PRESIDENT	2.00	Officer	$4,659	$2,413	$7,072
TRAVIS SULLIVAN	RECORDING SECRETARY	2.00	Officer	$7,369	$0	$7,369
CHARLES BROOKHOUSE	TREASURER	2.00	Officer	$300	$0	$300
DENNIS ANDERSON	EXEC BOARD	2.00	Officer	$1,622	$0	$1,622
KERRY FERGUSON	EXEC BOARD	2.00	Officer	$7,578	$0	$7,578
JEREMY BYERS	EXEC BOARD	2.00	Officer	$6,582	$2,819	$9,401
JERREL COTTON	EXEC BOARD	2.00	Officer	$4,901	$0	$4,901
JEREMY BOATRIGHT	EXEC BOARD	2.00	Officer	$7,731	$0	$7,731
KENNETH JOHNSON JR	EXEC BOARD	2.00	Officer	$1,908	$0	$1,908
JASON MCMECHAN	EXEC BOARD	2.00	Officer	$8,914	$0	$8,914
JOHN SAVAGE	EXEC BOARD	2.00	Officer	$7,074	$0	$7,074
MONTE RUSSELL	EXEC BOARD	2.00	Officer	$9,968	$3,085	$13,053
KEVIN LEEHY	EXEC BOARD	2.00	Officer	$1,958	$0	$1,958
JOHN ROBERTS	EXEC BOARD	2.00	Officer	$4,195	$0	$4,195
CHARLES HUGHART	BUSINESS MANAGER/FINANCIAL	40.00	Officer	$185,348	$60,524	$245,872
JAMIE HATFIELD	ASST BUSINESS MANAGER	40.00	Highest	$173,445	$45,064	$218,509
GREGORY KERLEY	BUSINESS REP	40.00	Highest	$163,704	$53,832	$217,536
JUSTIN WRIGHT	BUSINESS REP	40.00	Highest	$165,578	$74,759	$240,337
JASON WOOLARD	BUSINESS REP	40.00	Highest	$163,894	$74,338	$238,232
MICHAEL LUSTIG	BUSINESS REP	40.00	Highest	$162,972	$74,108	$237,080

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	$9,440,024	$6,833,608	$17,185,370	$2,606,416
2024	$7,947,827	$7,268,241	$14,313,778	$679,586
2023	$7,616,050	$6,455,109	$13,154,762	$1,160,941
2022	$6,763,842	$5,826,763	$12,288,638	$937,079
2021	$6,511,913	$5,629,274	$11,801,624	$882,639
2020	$6,327,541	$5,904,947	$10,194,858	$422,594
2019	$6,072,594	$5,928,455	$9,721,468	$144,139
2018	$6,292,658	$5,660,083	$9,623,473	$632,575

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 702