International Brotherhood of Electrical Workers - Local 445 (EIN 380679227) - 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

1934

Legal Domicile

Phone

2699644545

Tax Period

2024-07-01 to 2025-06-30

International Brotherhood of Electrical Workers - Local 445, founded in 1934, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 58% operating margin.

Mission

Promote labor interests

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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 $2,229,734

Investment Income $18,765

Other Revenue $-4,780

TOTAL REVENUE $2,243,719

Expense Breakdown

Grants Paid $23,252

Salaries & Benefits $507,587

Fundraising Expenses $0

Other Expenses $410,240

TOTAL EXPENSES $941,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,243,719	$872,259	+1.6%
Expenses	$941,079	$749,652	+0.3%
Net Income	$1,302,640	$122,607	+9.6%

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

280

Independent Members

267

Employees

Volunteers

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

$281,058

Total Directors

$1,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lance Dougherty	Business Manager-Financial Secretary	042.00	Officer	$98,785	$51,582	$150,367
Wanda Secrest	Recording Secretary and Office Administrator	040.00	Officer	$78,896	$50,169	$129,065
Jake Westfall	President	003.00	Officer	$878	$0	$878
Derick Boyette	Vice President and Chairman of the Executive Board	003.00	Officer Director	$748	$0	$748
Kevin Hagelgans	Executive Board Member	003.00	Director	$748	$0	$748
Scott Wagner	Executive Board Member	003.00	Director	$0	$0	$0
Jerred Morris	Executive Board Member	003.00	Director	$0	$0	$0
Tod Rocco	Executive Board Member	003.00	Director	$0	$0	$0
Patrick Stevens II	Executive Board Member	003.00	Director	$0	$0	$0
Sarah Wilson	Executive Board Member	003.00	Director	$0	$0	$0
Sam McFadden	Treasurer	003.00	Officer	$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	$2,243,719	$941,079	$2,481,986	$1,302,640
2024	$872,259	$749,652	$1,182,334	$122,607
2023	$771,464	$701,032	$1,058,751	$70,432
2022	$800,314	$666,707	$991,582	$133,607
2021	$705,216	$559,892	$867,565	$145,324
2020	$602,958	$531,072	$716,523	$71,886
2019	$616,840	$554,386	$647,018	$62,454

International Brotherhood of Electrical Workers - Local 445