INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 292 (EIN 410328950) - 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

1901

Legal Domicile

Principal Officer

JEFF HEIMERL

Phone

6123791292

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 292, founded in 1901, is a mid-sized nonprofit in the Employment sector that reported $11.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $11.0M left a modest 4% surplus.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,998,435

Investment Income $306,486

Other Revenue $110,168

TOTAL REVENUE $11,415,089

Expense Breakdown

Grants Paid $284,625

Salaries & Benefits $3,437,457

Fundraising Expenses $0

Other Expenses $7,246,005

TOTAL EXPENSES $11,014,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,415,089	$10,125,368	+0.1%
Expenses	$11,014,189	$11,218,892	0.0%
Net Income	$400,900	$-1,093,524	-1.4%

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

N/A

Employees

123

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

$1,259,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HEIMERL	BUSINESS MANAGER	60.00	Officer	$179,536	$65,749	$245,285
DANIEL FERGUSON	PRESIDENT-PAST/BUSINESS REP	48.00	Officer	$137,209	$56,479	$193,688
JOHN KRIPOTOS	PRESIDENT/BUSINESS REP	48.00	Officer	$137,209	$56,479	$193,688
WILLIAM KRAUSE	VICE PRESIDENT/BUSINESS REP	48.00	Officer	$137,209	$56,479	$193,688
DAVID FRARY	TREASURER/BUSINESS REP	48.00	Officer	$137,209	$56,479	$193,688
TODD HUTTNER	RECORDING SECRETARY	0.30	Officer	$3,184	$410	$3,594
JENNIFER MUDGE	FINANCIAL SEC/BUSINESS REP	50.00	Officer	$147,564	$59,478	$207,042
KEITH ANDERSON	EXECUTIVE BOARD	0.30	Officer	$728	$25	$753
DEAN LEWIS	EXECUTIVE BOARD	0.30	Officer	$674	$0	$674
DANIEL MCCONNELL	EXECUTIVE BOARD	0.30	Officer	$670	$0	$670
JEFFREY ORTH	EXECUTIVE BOARD-PAST	0.30	Officer	$284	$12	$296
MICHAEL SUBJECT	EXECUTIVE BOARD	0.30	Officer	$1,039	$256	$1,295
ANTHONY CARTER	EXECUTIVE BOARD-PAST	0.30	Officer	$0	$0	$0
KURT TULP	EXECUTIVE BOARD	0.30	Officer	$1,732	$225	$1,957
CHRISTINE ULM	EXECUTIVE BOARD	0.30	Officer	$4,491	$1,596	$6,087
MYLES LEMBKE	EXECUTIVE BOARD-PAST	0.30	Officer	$6,013	$1,628	$7,641
JOHN WINKELS	EXECUTIVE BOARD	0.30	Officer	$8,041	$976	$9,017
KENT BLACHOWIAK	BUSINESS REPRESENTATIVE	48.00	Highest	$137,209	$56,479	$193,688
DANIEL BREMSETH	BUSINESS REPRESENTATIVE	48.00	Highest	$137,209	$56,479	$193,688
DERRICK GIVENS	BUSINESS REPRESENTATIVE	48.00	Highest	$137,209	$56,479	$193,688
AARON OLSON	BUSINESS REPRESENTATIVE	48.00	Highest	$137,209	$56,479	$193,688
ERIC SHAW	BUSINESS REPRESENTATIVE	48.00	Highest	$137,209	$56,479	$193,688
ANDREW SNOPE	BUSINESS REP/POLITICAL COORD	48.00	Highest	$137,209	$56,479	$193,688

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	No data	No data	No data	No data
2023	$11,415,089	$11,014,189	$21,878,086	$400,900
2022	$10,125,368	$11,218,892	$19,809,361	$-1,093,524
2021	$9,771,229	$7,947,908	$18,613,183	$1,823,321
2020	$9,412,619	$7,971,223	$16,847,611	$1,441,396
2019	$10,464,324	$12,781,497	$10,636,421	$-2,317,173
2018	$9,367,070	$7,502,968	$12,944,558	$1,864,102

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 292