IBEW BLDG CORP LOCAL UNION NO 197 (EIN 371298088) - 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 BLDG CORP LOCAL UNION NO 197, founded in 1990, is a small nonprofit that reported $130K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE ELECTRICAL INDUSTRY IN THE LOCAL NO. 197 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 $0

Investment Income $0

Other Revenue $130,062

TOTAL REVENUE $130,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,212

Other Expenses $132,212

TOTAL EXPENSES $132,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,062	$103,752	+0.3%
Expenses	$132,212	$142,557	-0.1%
Net Income	$-2,150	$-38,805	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT STRUPP	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE ASHENBREMER	TREASURER	1.00	Officer Director	$0	$0	$0
TOM PEASLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSH BERTOLET	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH ASHENBREMER	DIRECTOR	1.00	Officer Director	$0	$0	$0

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	$130,062	$132,212	$1,463,170	$-2,150
2024	$103,752	$142,557	$1,465,320	$-38,805
2023	$101,038	$145,241	$1,504,125	$-44,203
2022	$818,676	$116,601	$1,548,328	$702,075
2021	$229,398	$140,202	$1,598,222	$89,196
2020	$134,832	$169,769	$1,647,524	$-34,937
2019	$149,956	$164,460	$1,706,896	$-14,504

IBEW BLDG CORP LOCAL UNION NO 197