INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 692 (EIN 381036592) - 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

1937

Legal Domicile

Principal Officer

BRIAN WALKER

Phone

9896844510

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 692, founded in 1937, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 6% surplus.

Mission

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 692 IS CRAFTED FOR THE PURPOSE OF IMPROVING THE ECONOMIC AND WORKING CONDITIONS OF ITS MEMEBERS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 692, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $1,267,522

Program Service Revenue $0

Investment Income $59,890

Other Revenue $17,722

TOTAL REVENUE $1,345,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $657,989

Fundraising Expenses $0

Other Expenses $564,177

TOTAL EXPENSES $1,264,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,345,134	$1,035,330	+0.3%
Expenses	$1,264,299	$1,107,620	+0.1%
Net Income	$80,835	$-72,290	-2.1%

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

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

$186,317

Total Directors

$496,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN CHARNEY	EXAMINING BO	40.00	Officer Director	$119,783	$61,652	$181,435
AUGUST VOISINE	VICE PRESIDE	40.00	Director	$102,326	$56,393	$158,719
BRENDON BARANEK	EXAMINING BO	40.00	Director	$94,400	$53,701	$148,101
BRIAN WALKER	PRESIDENT	5.00	Officer Director	$4,306	$0	$4,306
CODY RAYMOND	EXAMINING BO	1.00	Director	$1,296	$0	$1,296
CHRISTIAN CARRIVEAU	EXECUTIVE BO	1.00	Director	$1,192	$0	$1,192
KEVIN KLAPISH	RECORDING SE	2.00	Officer Director	$576	$0	$576
NICHOLAS TOBOLSKI	EXECUTIVE BO	1.00	Director	$576	$0	$576
TODD AULTMAN	EXECUTIVE BO	1.00	Director	$0	$0	$0
SAM MALONE	EXECUTIVE BO	1.00	Director	$0	$0	$0
DONALD MORSE	TREASURER	1.00	Officer Director	$0	$0	$0
ALEK POIRIER	EXAMINING BO	1.00	Director	$0	$0	$0
ETHAN RAU	EXAMINING BO	1.00	Director	$0	$0	$0
KEVIN SHOOLTZ	EXAMINING BO	1.00	Director	$0	$0	$0
DEREK SIMMS	EXECUTIVE BO	1.00	Director	$0	$0	$0
ARTHUR VOISINE	EXECUTIVE BO	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	$1,345,134	$1,264,299	$2,122,032	$80,835
2023	$1,035,330	$1,107,620	$1,988,374	$-72,290
2022	$972,454	$1,047,280	$1,964,770	$-74,826
2021	$895,712	$991,230	$2,290,189	$-95,518
2020	$945,150	$877,353	$2,343,363	$67,797
2019	$976,332	$819,087	$2,201,146	$157,245
2018	$878,407	$808,260	$1,921,809	$70,147

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 692