INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 343 (EIN 411350874) - 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

1979

Legal Domicile

Principal Officer

STEVEN CARDELL

Phone

5072827081

Tax Period

2023-04-01 to 2024-03-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 343, founded in 1979, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. The organization ran a surplus of $670K, 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,392,685

Investment Income $228,869

Other Revenue $82,504

TOTAL REVENUE $3,704,058

Expense Breakdown

Grants Paid $23,026

Salaries & Benefits $1,399,651

Fundraising Expenses $0

Other Expenses $1,611,836

TOTAL EXPENSES $3,034,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,704,058	$3,570,152	+0.0%
Expenses	$3,034,513	$3,218,406	-0.1%
Net Income	$669,545	$351,746	+0.9%

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

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

$260,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN CARDELL	BUSINESS MGR/FINANCIAL SEC	52.00	Officer	$137,954	$50,283	$188,237
SEAN SANNES	PRESIDENT	2.00	Officer	$10,362	$3,730	$14,092
MIKE STEFFES	VICE PRESIDENT	0.25	Officer	$1,628	$416	$2,044
THOMAS SMALL	TREASURER	3.00	Officer	$9,204	$3,638	$12,842
THEODORE SAUER	RECORDING SECRETARY	2.00	Officer	$4,902	$1,819	$6,721
JEREMY EVENSON	EXECUTIVE BOARD	2.00	Officer	$5,607	$2,081	$7,688
JESSE LEE	EXECUTIVE BOARD	2.00	Officer	$4,077	$1,121	$5,198
CHRISTOPHER WILL	EXECUTIVE BOARD	2.00	Officer	$6,128	$2,081	$8,209
WESTON WILSON	EXECUTIVE BOARD	2.00	Officer	$5,607	$2,081	$7,688
RANDY ZINCKE	EXECUTIVE BOARD	2.00	Officer	$5,607	$1,889	$7,496
CHARLES CARDELL	ORGANIZER	48.00	Highest	$124,020	$46,636	$170,656
ROBERT ERNST	BUSINESS REPRESENTATIVE	48.00	Highest	$124,020	$46,636	$170,656
MARK RUTTEN	BUSINESS REPRESENTATIVE	48.00	Highest	$124,020	$46,636	$170,656

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	$3,704,058	$3,034,513	$8,501,879	$669,545
2023	$3,570,152	$3,218,406	$7,844,927	$351,746
2022	$3,319,029	$2,400,967	$7,924,733	$918,062
2021	$2,922,993	$2,519,194	$7,346,528	$403,799
2020	$3,313,786	$2,361,648	$6,729,010	$952,138
2019	$3,254,730	$2,185,234	$6,035,459	$1,069,496
2018	$2,898,471	$2,302,237	$4,992,405	$596,234

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 343