INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 601 (EIN 370389393) - 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

1913

Legal Domicile

Principal Officer

TONY HUBBARD

Phone

2173521741

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 601, founded in 1913, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 4% 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,892,284

Investment Income $109,225

Other Revenue $44,224

TOTAL REVENUE $2,045,733

Expense Breakdown

Grants Paid $11,724

Salaries & Benefits $896,906

Fundraising Expenses $0

Other Expenses $1,037,838

TOTAL EXPENSES $1,971,072

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,045,733	$1,699,963	+0.2%
Expenses	$1,971,072	$1,588,203	+0.2%
Net Income	$74,661	$111,760	-0.3%

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

$305,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARRETT CLEM	BUS MGR/FIN SECY - PAST	48.00	Officer	$53,451	$19,351	$72,802
THEODORE BURGIN III	TREASURER - PAST	10.00	Officer	$21,274	$0	$21,274
SHANE STREET	PRESIDENT	5.00	Officer	$2,907	$0	$2,907
JAKE DALTON	EXECUTIVE BOARD - PAST	1.00	Officer	$287	$0	$287
JACQUES LEFAIVRE	EXECUTIVE BOARD - PAST	1.00	Officer	$239	$0	$239
MARCUS ALBERT	EXECUTIVE BOARD - PAST	1.00	Officer	$287	$0	$287
TIM BLOOMER	EXECUTIVE BOARD	1.00	Officer	$3,526	$0	$3,526
BLAKE WITHERS	VICE-PRESIDENT	1.00	Officer	$96	$0	$96
JUSTIN HENDERSON	RECORDING SECRETARY	1.00	Officer	$1,095	$0	$1,095
PAT MCINTOSH	EXECUTIVE BOARD	1.00	Officer	$546	$0	$546
BRIAN ANDERSEN	BUS MGR/FIN SEC-NEW/ORGANIZER-PAST	48.00	Officer	$141,097	$47,859	$188,956
TONY HUBBARD	TREASURER - NEW	10.00	Officer	$11,789	$0	$11,789
ROBERT OHLSSON	EXECUTIVE BOARD - NEW	1.00	Officer	$1,327	$0	$1,327
DUSTIN SEAMAN	EXECUTIVE BOARD - NEW	1.00	Officer	$294	$0	$294
CLAYTON MEYER	EXECUTIVE BOARD - NEW	1.00	Officer	$294	$0	$294
RON BECKER	ASST. BUS MANAGER	48.00	Highest	$140,331	$47,860	$188,191

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	$2,045,733	$1,971,072	$3,860,744	$74,661
2024	$1,699,963	$1,588,203	$3,542,609	$111,760
2023	$1,505,346	$1,492,346	$3,392,859	$13,000
2022	$1,411,327	$1,460,526	$3,415,284	$-49,199
2021	$1,686,972	$1,678,103	$3,661,636	$8,869
2020	$1,653,778	$1,460,775	$2,568,267	$193,003
2019	$1,458,215	$1,399,497	$2,374,484	$58,718
2018	$1,424,263	$1,364,516	$2,231,636	$59,747

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 601