INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS-LOCAL UNION NO 193

EIN: 370347410

SPRINGFIELD, IL

Total Revenue
$1,490,419
Total Expenses
$1,601,969
Total Assets
$3,184,259
Net Assets
$3,090,362
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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
1901
Legal Domicile
IL
Principal Officer
DAVID WELLS
Phone
2175443479
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS-LOCAL UNION NO 193, founded in 1901, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring. Net assets of $3.1M represent 25 months of operating reserves.

Mission

TO PROVIDE SERVICES TO THE UNION MEMBERS AND THEIR FAMILIES

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,418,839
Investment Income $34,609
Other Revenue $36,971
TOTAL REVENUE $1,490,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,022,993
Fundraising Expenses $0
Other Expenses $578,976
TOTAL EXPENSES $1,601,969

Year-over-Year Comparison

2025 2024 Change
Revenue $1,490,419 $2,332,654 -0.4%
Expenses $1,601,969 $1,475,473 +0.1%
Net Income $-111,550 $857,181 -1.1%
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
7
Independent Members
6
Employees
19
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
5
$438,263
Total Directors
7
$217,892
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT M BROGLIN PRESIDENT 3.00
Officer Director
$930 $0 $930
PAUL BERRY TREASURER 3.00
Officer Director
$865 $0 $865
SUSAN D SOLON RECORDING SECRETARY 3.00
Officer Director
$1,661 $0 $1,661
GEORGE MATT DANNENBERGER EXECUTIVE BOARD 3.00
Director
$560 $0 $560
NICK COOK EXECUTIVE BOARD 3.00
Director
$625 $0 $625
SCOTT HILL EXECUTIVE BOARD 3.00
Director
$625 $0 $625
JASON MCKENZIE BUSINESS AGENT/VICE PRESID 45.00
Officer Director
$165,060 $47,566 $212,626
DAVID WELLS BUS MGR & FIN SEC 45.00
Officer
$174,615 $47,566 $222,181
TIM SCHULTZ ORGANIZER 45.00
Highest
$163,563 $47,566 $211,129
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 $1,490,419 $1,601,969 $3,184,259 $-111,550
2024 $2,332,654 $1,475,473 $3,269,608 $857,181
2023 $1,885,210 $1,463,639 $3,581,739 $421,571
2022 $1,526,672 $1,372,696 $3,224,854 $153,976
2021 $1,420,844 $1,313,086 $3,244,828 $107,758
2020 $1,427,001 $1,240,612 $3,201,599 $186,389
2019 $1,422,041 $1,261,359 $3,066,774 $160,682
2018 $1,449,046 $1,185,853 $2,975,106 $263,193
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