INTERNATIONAL BROTHERHOOD OF ELECT… - Form 990 Financial Data

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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

1914

Legal Domicile

Principal Officer

FELICIA WISEMAN

Phone

3139632130

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 58, founded in 1914, is a mid-sized nonprofit that reported $19.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.0M, a strong 21% operating margin.

Mission

TO IMPROVE THE ECONOMIC AND WORKING CONDITIONS OF ITS MEMBERS THROUGH THE COLLECTIVE BARGAINING PROCESS

Program Service Accomplishments

Program 1

IBEW LOCAL NO 58 REPRESENTS 4,800 UNION MEMBERS ITS PURPOSE IS TO IMPROVE THE WORKING AND ECONOMIC CONDITION OF ITS MEMBERS

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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 $17,772,473

Investment Income $1,157,423

Other Revenue $293,424

TOTAL REVENUE $19,223,320

Expense Breakdown

Grants Paid $1,280,027

Salaries & Benefits $6,288,626

Fundraising Expenses $0

Other Expenses $7,631,013

TOTAL EXPENSES $15,199,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,223,320	$17,558,691	+0.1%
Expenses	$15,199,666	$13,890,693	+0.1%
Net Income	$4,023,654	$3,667,998	+0.1%

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

Governance

Voting Members

Independent Members

N/A

Employees

198

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

$652,537

Total Directors

$1,269,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER RESCHKE	EXECUTIVE BOARD	40.00	Director	$8,265	$4,242	$12,507
FELICIA WISEMAN	TREASURER	40.00	Officer Director	$108,859	$45,032	$153,891
JEANETTE BRADSHAW	RECORDING SECRETARY	40.00	Officer Director	$141,571	$54,810	$196,381
JEANETTE CALDWELL	EXECUTIVE BOARD	40.00	Director	$71,769	$30,424	$102,193
JEFFREY LONG	EXECUTIVE BOARD	30.00	Director	$8,570	$4,349	$12,919
KEVIN MACK	EXECUTIVE BOARD	10.00	Director	$23,785	$8,989	$32,774
KEVIN MACKEY	EXECUTIVE BOARD	20.00	Director	$13,419	$6,667	$20,086
KIMBERLY L'HEUREUX	PRESIDENT	20.00	Officer Director	$114,874	$48,803	$163,677
PAUL STEFANI	EXAMING BOARD	20.00	Director	$7,906	$2,817	$10,723
RUSSELL RADER	EXAMINING BOARD	40.00	Director	$2,790	$1,026	$3,816
SCOTT GLAZA	EXAMING BOARD	40.00	Director	$67,156	$26,772	$93,928
ANGELA PANICUCCI	EXAMINING BOARD	40.00	Director	$15,335	$6,217	$21,552
ANDREW CURRIE	VICE - PRESIDENT	40.00	Officer Director	$1,529	$735	$2,264
PATRICK BURNS	EXECUTIVE BOARD	40.00	Director	$10,491	$5,141	$15,632
BRIAN PRICE	EXECUTIVE BOARD	40.00	Director	$10,776	$5,519	$16,295
JASON FOURNIER	EXAMINING BOARD	40.00	Director	$5,132	$2,205	$7,337
SONYA HULETT	EXAMINING BOARD	40.00	Director	$7,911	$4,056	$11,967
JAMES MELTON	EXAMING BOARD	40.00	Director	$7,731	$3,960	$11,691
JEFFERY O'DONNELL	EXAMINING BOARD/ ASSISTANT REGISTRAR	40.00	Officer Director	$90,820	$45,504	$136,324
JAMES SOOSIK	BUSINESS MANAGER	40.00	Director	$72,044	$24,936	$96,980
JOSEPH DIEDERICHS	EXAMINING BOARD	40.00	Director	$13,144	$4,667	$17,811
PAUL VANOSS	BUSINESS MANAGER	40.00	Director	$95,039	$33,414	$128,453
BYRON OSBERN	BUSINESS REPRESENTATIVE	40.00	Highest	$139,917	$54,810	$194,727
JEFFREY PATRICCA	BUSINESS REPRESENTATIVE	40.00	Highest	$140,063	$54,810	$194,873
KURT BOARDMAN	BUSINESS REPRESENTATIVE	40.00	Highest	$143,926	$92,263	$236,189
RICHARD PREUSS	BUSINESS REPRESENTATIVE	40.00	Highest	$139,854	$54,810	$194,664
THOMAS DIEDERICHS	BUSINESS REPRESENTATIVE	40.00	Highest	$139,854	$54,810	$194,664
JAMES MACKEY	BUSINESS REPRESENTATIVE	40.00	Highest	$141,167	$54,810	$195,977

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	$19,223,320	$15,199,666	$46,182,396	$4,023,654
2023	$17,558,691	$13,890,693	$42,158,742	$3,667,998
2022	$16,905,610	$13,371,243	$38,490,744	$3,534,367
2021	$16,335,153	$10,661,221	$34,956,377	$5,673,932
2020	$16,068,648	$10,408,452	$29,282,445	$5,660,196
2019	$12,739,621	$10,590,898	$23,622,249	$2,148,723
2018	$13,498,093	$9,905,378	$21,473,528	$3,592,715

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 58