INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 949 (EIN 410328942) - 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

1933

Legal Domicile

Principal Officer

RICHARD BARTZ

Phone

9528908484

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 949, founded in 1933, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $482K, a strong 18% operating margin.

Mission

LABOR UNION

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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 $2,530,430

Investment Income $140,559

Other Revenue $74

TOTAL REVENUE $2,671,063

Expense Breakdown

Grants Paid $2,050

Salaries & Benefits $1,247,438

Fundraising Expenses $0

Other Expenses $939,625

TOTAL EXPENSES $2,189,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,671,063	$2,634,200	+0.0%
Expenses	$2,189,113	$2,170,636	+0.0%
Net Income	$481,950	$463,564	+0.0%

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

$198,372

Total Directors

$201,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BARTZ	BUS MGR/FIN	50.00	Officer Director	$168,733	$9,953	$178,686
JON SITZMANN	PRESIDENT	2.00	Officer Director	$7,074	$0	$7,074
CHAD WEBBER	VICE PRESIDE	0.50	Officer Director	$1,769	$0	$1,769
DANIELLE JOHNSON	TREASURER	1.75	Officer Director	$6,422	$0	$6,422
GREGORY SANDERS	RECORDING SE	1.25	Officer Director	$4,421	$0	$4,421
BRAD ERKKILA	EXECUTIVE BO	0.50	Director	$1,624	$0	$1,624
BRYCE POLSINGER	EXECUTIVE BO	0.50	Director	$1,624	$0	$1,624
MICHAEL O'CONNOR	BUSINESS REP	50.00	Highest	$148,279	$38,594	$186,873
TODD INGALLS	BUSINESS REP	50.00	Highest	$153,087	$28,331	$181,418
WILLIAM LACHOWITZER	BUSINESS REP	50.00	Highest	$145,207	$30,773	$175,980
LUKE LALLEMONT	BUSINESS REP	50.00	Highest	$145,687	$8,832	$154,519

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	$2,671,063	$2,189,113	$5,245,549	$481,950
2024	$2,634,200	$2,170,636	$4,678,316	$463,564
2023	$2,414,511	$2,183,629	$4,214,663	$230,882
2022	$2,311,165	$2,260,425	$3,983,800	$50,740
2021	$2,310,782	$2,313,852	$3,931,940	$-3,070
2020	$2,297,811	$2,331,236	$3,934,134	$-33,425
2019	$2,271,191	$2,175,555	$3,968,260	$95,636

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 949