IBEW LOCAL #197 (EIN 370707336) - 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

1990

Legal Domicile

Principal Officer

MATTHEW STRUPP

Phone

3098274868

Tax Period

2024-07-01 to 2025-06-30

IBEW LOCAL #197, founded in 1990, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.2M left a modest 11% surplus.

Mission

TO REPRESENT THE MEMBERS OF THE IBEW NO. 197 LOCAL IN ALL BARGAINING MATTERS REGARDING EMPLOYMENT ISSUES AND TO PROMOTE THE USE OF QUALIFIED UNION ELECTRICIANS IN THE DISTRICT.

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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 $1,196,283

Investment Income $122,604

Other Revenue $0

TOTAL REVENUE $1,318,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $587,960

Fundraising Expenses $0

Program Expenses $576,765

Other Expenses $583,136

TOTAL EXPENSES $1,171,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,318,887	$1,430,268	-0.1%
Expenses	$1,171,096	$984,917	+0.2%
Net Income	$147,791	$445,351	-0.7%

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

$228,736

Total Directors

$3,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN DEHAVEN	DIRECTOR	2.00	Director	$650	$0	$650
KEITH ASHENBREMER	DIRECTOR	2.00	Director	$600	$0	$600
RYAN MCCOY	DIRECTOR	2.00	Director	$600	$0	$600
JACOB KNOBLOCH	DIRECTOR	2.00	Director	$400	$0	$400
BRIAN STUFFLEBEAM	DIRECTOR	2.00	Officer Director	$600	$0	$600
JAMES HOLLAND	DIRECTOR	2.00	Director	$250	$0	$250
DALE GLASSCOCK	DIRECTOR	2.00	Director	$350	$0	$350
MICHAEL RAIKES	BUSINESS MANAGER/SECRETARY	45.00	Officer	$119,832	$0	$119,832
JOSH BERTOLET	RECORDING SECR	2.00	Officer	$600	$0	$600
TOM PEASLEY	VICE PRESIDENT	2.00	Officer	$120	$0	$120
MATTHEW STRUPP	PRESIDENT	42.00	Officer	$106,984	$0	$106,984
STEPHANIE ASHENBREMER	TREASURER	3.00	Officer	$600	$0	$600

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	$1,318,887	$1,171,096	$3,960,045	$147,791
2024	$1,430,268	$984,917	$3,778,706	$445,351
2023	$1,374,444	$1,019,635	$3,290,725	$354,809
2022	$1,461,360	$1,655,678	$2,908,610	$-194,318
2021	$2,069,103	$938,638	$3,202,937	$1,130,465
2020	$840,075	$724,266	$1,973,661	$115,809
2019	$777,890	$659,711	$1,881,440	$118,179

IBEW LOCAL #197