INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 288 (EIN 420328996) - 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

1902

Legal Domicile

Principal Officer

CHARLES KACHER

Phone

3192338050

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 288, founded in 1902, is a small nonprofit that reported $683K in total revenue in fiscal year 2025. Expenses of $598K left a modest 12% surplus.

Mission

TO ORGANIZE ALL ELECTRICAL WORKERS IN THE CONSTRUCTION INDUSTRY, TO PROMOTE GOODWILL AMONG ALL OF THOSE IN OUR TRADE, TO ASSIST EACH OTHER IN SICKNESS AND IN DISTRESS, TO SECURE EMPLOYMENT FOR OUR MEMBERS, TO SECURE ADEQUATE PAY FOR OUR LABOR, TO RAISE THE STANDARD OF LIVING FOR ALL OUR MEMBERS AND THEIR FAMILIES, AND TO PROMOTE A HARMONIOUS RELATIONSHIP WITH OUR SIGNATORY CONTRACTORS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $651,483

Investment Income $31,731

Other Revenue $0

TOTAL REVENUE $683,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,347

Fundraising Expenses $0

Other Expenses $220,975

TOTAL EXPENSES $598,322

Year-over-Year Comparison

	2025	2024	Change
Revenue	$683,214	$690,971	0.0%
Expenses	$598,322	$585,638	+0.0%
Net Income	$84,892	$105,333	-0.2%

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

$139,020

Total Directors

$1,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES KACHER	BUSINESS MAN	45.00	Officer	$100,964	$36,466	$137,430
REED CLABBY	RECORDING SE	2.00	Officer Director	$480	$0	$480
DAVID LYCKE	PRESIDENT	2.00	Officer Director	$450	$0	$450
CHAD FEUCHTWANGER	TREASURER	2.00	Officer Director	$360	$0	$360
TREVOR DENNEY	VICE PRESIDE	2.00	Officer Director	$300	$0	$300
ALAN SCHARES	EXECUTIVE BO	2.00	Director	$240	$0	$240

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	$683,214	$598,322	$899,054	$84,892
2024	$690,971	$585,638	$798,951	$105,333
2023	$690,029	$537,497	$679,722	$152,532
2022	$576,080	$504,053	$514,626	$72,027
2021	$514,709	$477,093	$456,881	$37,616
2020	$481,633	$435,985	$409,371	$45,648
2019	$495,678	$424,501	$357,961	$71,177
2018	$392,915	$437,238	$286,689	$-44,323

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 288