International Brotherhood of Elect… - Form 990 Financial Data

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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

2002

Legal Domicile

Phone

9566303108

Tax Period

2023-01-01 to 2023-12-31

International Brotherhood of Electr Wrks 1015 Local Union, founded in 2002, is a small nonprofit that reported $606K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $551K left a modest 9% surplus.

Mission

Local Labor Union Representing Members of the International Brotherhood of Electrical Workers.

Program Service Accomplishments

Program 1

Expenses: $419,545 Revenue: $600,217

The exempt purpose of the local labor union is to represent members of the International Brotherhood of Electrical Workers in the Rio Grande Valley in south Texas.

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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 $600,217

Investment Income $4,230

Other Revenue $1,466

TOTAL REVENUE $605,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,996

Fundraising Expenses $0

Program Expenses $419,545

Other Expenses $401,694

TOTAL EXPENSES $550,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$605,913	$529,555	+0.1%
Expenses	$550,690	$559,322	0.0%
Net Income	$55,223	$-29,767	-2.9%

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

$97,262

Total Directors

$540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sergio Salinas	Bus Mgr-Fin Sec	40.00	Officer	$96,765	$0	$96,765
Osvaldo Cabada	Recording Sec	1.00	Officer	$284	$0	$284
Alejandro Ramirez	Executive Board	1.00	Director	$180	$0	$180
Wenceslao Castaneda	Executive Board	1.00	Director	$180	$0	$180
Jose Solis	Executive Board	1.00	Director	$180	$0	$180
Angel Castillo	President	1.00	Officer	$71	$0	$71
Pedro Lopez	Vice President	1.00	Officer	$71	$0	$71
Paul Sivy	Treasurer	1.00	Officer	$71	$0	$71

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
2024	No data	No data	No data	No data
2023	$605,913	$550,690	$366,593	$55,223
2022	$529,555	$559,322	$311,311	$-29,767
2021	$553,426	$537,348	$340,680	$16,078
2020	$271,620	$304,544	$324,436	$-32,924
2018	$264,400	$240,774	$405,450	$23,626

International Brotherhood of Electr Wrks 1015 Local Union