INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS LOCAL 242

EIN: 411271846

DULUTH, MN

Total Revenue
$1,929,931
Total Expenses
$1,461,573
Total Assets
$4,805,885
Net Assets
$4,797,836
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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
1970
Legal Domicile
MN
Principal Officer
KYLE BUKOVICH
Phone
2187286895
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS LOCAL 242, founded in 1970, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $468K, a strong 24% operating margin.

Mission

LABOR UNION - REPRESENT MEMBERS IN CONTRACT NEGOTIATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,780,319
Investment Income $149,612
Other Revenue $0
TOTAL REVENUE $1,929,931

Expense Breakdown

Grants Paid $0
Salaries & Benefits $817,965
Fundraising Expenses $0
Other Expenses $643,608
TOTAL EXPENSES $1,461,573

Year-over-Year Comparison

2023 2022 Change
Revenue $1,929,931 $2,469,714 -0.2%
Expenses $1,461,573 $1,376,800 +0.1%
Net Income $468,358 $1,092,914 -0.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
7
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
4
$182,000
Total Directors
11
$325,584
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE BUKOVICH PRESIDENT 40.00
Officer Director
$160,200 $20,000 $180,200
MATT PREBLE BOARD 40.00
Director
$123,584 $20,000 $143,584
WESTON MORRIS SECRETARY 1.00
Officer Director
$900 $0 $900
KYLE SKARP TREASURER 1.00
Officer Director
$900 $0 $900
ERIC ABBETT BOARD 1.00
Director
$0 $0 $0
TODD ANDERSON BOARD 1.00
Director
$0 $0 $0
ALLEN DETRAY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
NEAL GRAUPMAN BOARD 1.00
Director
$0 $0 $0
JERRY PETERSON BOARD 1.00
Director
$0 $0 $0
JIM PETRICH BOARD N/A
Director
$0 $0 $0
DONALD SMITH BOARD N/A
Director
$0 $0 $0
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 $1,929,931 $1,461,573 $4,805,885 $468,358
2022 $2,469,714 $1,376,800 $4,245,877 $1,092,914
2021 $2,041,385 $1,215,659 $3,438,813 $825,726
2020 $1,124,196 $1,093,554 $2,646,450 $30,642
2019 $1,218,592 $1,092,629 $2,557,858 $125,963
2018 $1,112,057 $1,121,800 $2,376,571 $-9,743
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