International Brotherhood Elec Wkrs - LU 665

EIN: 380679206

Lansing, MI

Total Revenue
$3,749,059
Total Expenses
$2,177,876
Total Assets
$5,147,147
Net Assets
$5,141,344
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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
1926
Legal Domicile
MI
Phone
5173935530
Tax Period
2024-01-01 to 2024-12-31

International Brotherhood Elec Wkrs - LU 665, founded in 1926, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 42% operating margin.

Mission

Promote general welfare of electrical workers, improve working condisitons and elevate the standards of the trade

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,469,612
Investment Income $54,663
Other Revenue $224,784
TOTAL REVENUE $3,749,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,063,081
Fundraising Expenses $0
Program Expenses $2,177,876
Other Expenses $1,030,292
TOTAL EXPENSES $2,177,876

Year-over-Year Comparison

2024 2023 Change
Revenue $3,749,059 $2,432,541 +0.5%
Expenses $2,177,876 $1,892,945 +0.2%
Net Income $1,571,183 $539,596 +1.9%
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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Governance

Voting Members
12
Independent Members
11
Employees
8
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
0
$0
Total Directors
11
$356,365
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON PANGBORN BUSINESS MGRFINANCAIL SECRETARY 40.00
Director
$130,062 $54,016 $184,078
AARON NOWLAND PRESIDENTBUS AGENTORG 40.00
Director
$115,069 $54,016 $169,085
KENNETH KOLP ORGANIZER 40.00
Highest
$115,069 $54,016 $169,085
CHAD JANSEN AST BUS MGRORG 40.00
Highest
$115,069 $54,016 $169,085
CAMERON HAYNES ORGANIZER 40.00
Highest
$102,437 $54,016 $156,453
CHRISTOPHER A LAVERDIERE RECORDING SECRETARY 1.00
Director
$1,007 $594 $1,601
SHAWN SPITZER TREASURER 1.00
Director
$1,007 $594 $1,601
ROGER COLE E-BOARD 1.00
Director
$0 $0 $0
SHAWN WEMPLE VICE PRESIDENT 1.00
Director
$0 $0 $0
TIMOTHY DANIELS E-BOARD 1.00
Director
$0 $0 $0
KENNETH JAMROZY E-BOARD 1.00
Director
$0 $0 $0
AVERY ROGERS E-BOARD 1.00
Director
$0 $0 $0
KEITH GIBBONS E-BOARD 1.00
Director
$0 $0 $0
CARRIE TALBOTT E-BOARD 1.00
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
2024 $3,749,059 $2,177,876 $5,147,147 $1,571,183
2023 $2,432,541 $1,892,945 $3,553,547 $539,596
2022 $2,044,807 $1,571,243 $2,989,665 $473,564
2021 $1,877,687 $1,307,106 $2,550,334 $570,581
2020 $1,663,692 $1,267,256 $1,944,113 $396,436
2019 $1,491,384 $1,315,866 $1,566,154 $175,518
2018 $1,313,571 $1,327,103 $1,421,471 $-13,532
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