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

1937

Legal Domicile

Principal Officer

DILLON GORMAN

Phone

6082745600

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 965, founded in 1937, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 9% surplus.

Mission

THE MISSION OF THE LOCAL IS TO REPRESENT WORKERS IN UTILITY, MUNICIPAL, COOPERATIVE, AND MANUFACTURING AND IT IS EVER SEEKING INTERESTED EMPLOYEES WHO WISH TO BE ORGANIZED TO COLLECTIVELY FIGHT FOR BETTER WAGES, BENEFITS, AND WORKING CONDITIONS.

Program Service Accomplishments

Program 1

IN 2024, IBEW LOCAL UNION 965 REPRESENTED AROUND 1,000 ELECTRICAL WORKERS IN UTILITY, COOPERATIVE, PROFESSIONAL AND MANUFACTURING SECTORS IN THE NEGOTIATION OF LABOR CONTRACTS, THE HANDLING OF...

IN 2024, IBEW LOCAL UNION 965 REPRESENTED AROUND 1,000 ELECTRICAL WORKERS IN UTILITY, COOPERATIVE, PROFESSIONAL AND MANUFACTURING SECTORS IN THE NEGOTIATION OF LABOR CONTRACTS, THE HANDLING OF GRIEVANCES, AND OTHER ORGANIZING EFFORTS.

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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 $1,825

Program Service Revenue $1,135,484

Investment Income $51,932

Other Revenue $1,099

TOTAL REVENUE $1,190,340

Expense Breakdown

Grants Paid $4,520

Salaries & Benefits $454,925

Fundraising Expenses $0

Other Expenses $627,817

TOTAL EXPENSES $1,087,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,190,340	$1,089,682	+0.1%
Expenses	$1,087,262	$992,970	+0.1%
Net Income	$103,078	$96,712	+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

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

$176,333

Total Directors

$14,195

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL JACOB	PRESIDENT	4.00	Officer Director	$3,349	$0	$3,349
BRITTANY TUESCHER	RECORDING SECRETARY	2.00	Officer Director	$1,494	$0	$1,494
CAITLIN CRANE	TREASURER	4.00	Officer Director	$6,017	$0	$6,017
SETH SCHOUNARD	EXECUTIVE BOARD MEMBER	1.00	Director	$570	$0	$570
MITCHELL FISHER	EXECUTIVE BOARD MEMBER (THRU OCT)	1.00	Director	$240	$0	$240
JIM FRANE	EXECUTIVE BOARD MEMBER	1.00	Director	$260	$0	$260
TREVOR ROBICHAUD	EXECUTIVE BOARD MEMBER	1.00	Director	$250	$0	$250
ALEX SHUPE	EXECUTIVE BOARD MEMBER	1.00	Director	$220	$0	$220
PAUL PERLOCK	EXECUTIVE BOARD MEMBER	1.00	Director	$570	$0	$570
DIANNE EASTMEAD	EXECUTIVE BOARD MEMBER (THRU JULY)	1.00	Director	$180	$0	$180
DAVID ANDERSON	EXECUTIVE BOARD MEMBER	1.00	Director	$270	$0	$270
BRIAN BUCHHOLZ	EXECUTIVE BOARD MEMBER	1.00	Director	$270	$0	$270
RHONDA WETHAL	EXECUTIVE BOARD MEMBER	1.00	Director	$505	$0	$505
DILLON GORMAN	BUSINESS MANAGER	40.00	Officer	$148,949	$15,477	$164,426
DANIEL DIECE	VICE PRESIDENT	2.00	Officer	$1,047	$0	$1,047
DENNIS DOBSON	ASSISTANT BUSINESS MANAGER	40.00	Highest	$146,187	$5,343	$151,530

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	$1,190,340	$1,087,262	$1,516,989	$103,078
2023	$1,089,682	$992,970	$1,413,911	$96,712
2022	$1,058,382	$1,155,230	$1,317,199	$-96,848
2021	$1,063,549	$859,333	$1,414,047	$204,216
2020	$1,096,168	$870,001	$1,209,831	$226,167
2019	$1,093,782	$1,133,711	$983,664	$-39,929
2018	$1,105,220	$1,127,873	$1,023,593	$-22,653

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 965