INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 23 (EIN 410135363) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

JONATHON JACOBSON

Phone

6517746011

Tax Period

2024-08-01 to 2025-07-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 23, founded in 1940, is a small nonprofit that reported $837K in total revenue in fiscal year 2024. The organization ran a surplus of $231K, a strong 28% operating margin.

Mission

TO PROMOTE AND SUPPORT ITS MEMBERS IN EVERY WAY POSSIBLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $797,831

Investment Income $35,502

Other Revenue $3,890

TOTAL REVENUE $837,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,038

Fundraising Expenses $0

Program Expenses $483,347

Other Expenses $163,504

TOTAL EXPENSES $606,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$837,223	$787,609	+0.1%
Expenses	$606,542	$673,230	-0.1%
Net Income	$230,681	$114,379	+1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$220,841

Total Directors

$29,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHON JACOBSON	BUSINESS MAN	50.00	Officer	$169,994	$24,731	$194,725
MICHAEL H HOPPE	PRESIDENT	10.00	Officer Director	$16,848	$0	$16,848
JOHN MARZITELLI	RECORDING SE	1.00	Officer Director	$3,371	$0	$3,371
RANDY MURRAY	TREASURER	1.00	Officer Director	$3,371	$0	$3,371
JACOB ESPESETH	VICE PRESIDE	1.00	Officer Director	$2,526	$0	$2,526
JOHN BYBOTH	BOARD MEMBER	1.00	Director	$1,269	$0	$1,269
HANS STROM	BOARD MEMBER	1.00	Director	$1,164	$0	$1,164
ERIC VON BERGE	BOARD MEMBER	1.00	Director	$626	$0	$626

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	$837,223	$606,542	$1,737,050	$230,681
2024	$787,609	$673,230	$1,505,994	$114,379
2023	$710,254	$556,313	$1,390,388	$153,941
2022	$659,884	$589,771	$1,236,141	$70,113
2021	$650,018	$561,495	$1,163,573	$88,523
2020	$618,088	$595,277	$1,086,393	$22,811
2019	$613,799	$514,860	$1,050,962	$98,939

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 23