LOCAL UNION 890 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN 391076682) - 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

1919

Legal Domicile

Principal Officer

BEN MYERS

Phone

6087520321

Tax Period

2023-07-01 to 2024-06-30

LOCAL UNION 890 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, founded in 1919, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $573K, a strong 29% operating margin.

Mission

LABOR ORGANIZATION REPRESENTING ELECTRICAL WORKERS IN SOUTHERN WISCONSIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,590

Program Service Revenue $1,960,291

Investment Income $22,091

Other Revenue $4,086

TOTAL REVENUE $2,006,058

Expense Breakdown

Grants Paid $67,760

Salaries & Benefits $618,821

Fundraising Expenses $0

Other Expenses $746,490

TOTAL EXPENSES $1,433,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,006,058	$1,690,804	+0.2%
Expenses	$1,433,071	$1,257,311	+0.1%
Net Income	$572,987	$433,493	+0.3%

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

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

$426,012

Total Directors

$178,185

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WALTERS	PRESIDENT	1.00	Officer Director	$1,355	$666	$2,021
DANIEL REUTER	VICE PRESIDENT	1.00	Officer Director	$465	$234	$699
GREGORY PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DUNN THRU JULY	TREASURER	1.00	Officer Director	$0	$0	$0
BRAD MEGLIC THRU JULY	DIRECTOR	1.00	Director	$2,986	$0	$2,986
MIKE DUDA THRU JULY	DIRECTOR	1.00	Director	$81	$43	$124
GREGORY HUMPHREY	DIRECTOR	1.00	Director	$380	$199	$579
BEAU BENNETT THRU JULY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG IBELING THRU JULY	DIRECTOR	1.00	Director	$712	$0	$712
NATHAN KALAS	TREASURER	1.00	Officer Director	$465	$244	$709
TIMOTHY J ADAMS THRU JULY	DIRECTOR	1.00	Director	$1,701	$326	$2,027
JEFFREY CLUTTER THRU JULY	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN TRAPPE	DIRECTOR	1.00	Director	$2,836	$1,493	$4,329
JASON TRUMPY	DIRECTOR	1.00	Director	$2,437	$887	$3,324
NICK BELL	DIRECTOR	1.00	Director	$372	$187	$559
GARRIK HARWICK	RECORDING SECRETARY	1.00	Officer Director	$105,913	$52,509	$158,422
JOHN BENNET	DIRECTOR	1.00	Director	$1,331	$363	$1,694
ROBERT RYGULA	DIRECTOR	1.00	Director	$0	$0	$0
BEN MYERS	BUSINESS MANAGER	45.00	Officer	$110,775	$54,207	$164,982
LEO SOKOLIK THRU JULY	BUSINESS MANAGER	45.00	Officer	$66,774	$32,405	$99,179

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	No data	No data	No data	No data
2024	$2,006,058	$1,433,071	$5,595,113	$572,987
2023	$1,690,804	$1,257,311	$5,021,928	$433,493
2022	$1,700,862	$1,029,941	$4,587,958	$670,921
2021	$1,568,547	$1,005,551	$3,915,947	$562,996
2020	$1,774,145	$1,208,049	$3,354,482	$566,096
2019	$1,764,238	$1,243,519	$2,786,775	$520,719
2018	$1,135,000	$1,017,705	$2,266,970	$117,295

LOCAL UNION 890 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS