INTERNATIONAL BROTHERHOOD ELECTRICAL WORKERS AFL-CIO 1362 (EIN 420622123) - 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

1943

Legal Domicile

Principal Officer

BERNARD HORNE

Phone

3193777354

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD ELECTRICAL WORKERS AFL-CIO 1362, founded in 1943, is a small nonprofit that reported $693K in total revenue in fiscal year 2023. Net assets of $1.6M represent 28 months of operating reserves.

Mission

ORGANIZING EMPLOYEES, COLLECTIVE BARGAINING, AND ADMINISTRATION OF THE COLLECTIVE BARGAINING AGREEMENTS

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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 $693,699

Program Service Revenue $0

Investment Income $14,956

Other Revenue $-16,049

TOTAL REVENUE $692,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,773

Fundraising Expenses $0

Other Expenses $312,619

TOTAL EXPENSES $681,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$692,606	$667,860	+0.0%
Expenses	$681,392	$720,781	-0.1%
Net Income	$11,214	$-52,921	-1.2%

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

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

$338,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH IRONSIDE	BUSINESS MGR/FIN SEC	52.00	Officer	$108,544	$0	$108,544
ANN FRENCH	TREASURER	6.00	Officer	$5,652	$0	$5,652
JESSICA MACAL	RECORDING SECRETARY	6.00	Officer	$8,499	$0	$8,499
JEREMY HUNT	EXECUTIVE BOARD	1.00	Officer	$476	$0	$476
LINDA MCKEEN	EXECUTIVE BOARD	1.00	Officer	$652	$0	$652
KIRK SHOBERT	EXECUTIVE BOARD	1.00	Officer	$3,222	$0	$3,222
THOMAS HAUGEN	OFFICE STAFF	40.00	Officer	$105,536	$0	$105,536
STEPHANIE MORK	OFFICE STAFF	40.00	Officer	$72,454	$0	$72,454
LOST WAGES MAINTENANCE	OTHER	1.00	Officer	$3,880	$0	$3,880
KATHLEEN KOEHN	EXECUTIVE BOARD	1.00	Officer	$173	$0	$173
MATT NELSON	VICE PRESIDENT	3.00	Officer	$4,080	$0	$4,080
BERNARD HORNE	PRESIDENT	6.00	Officer	$23,657	$0	$23,657
DAVID NACHTMAN	EXECUTIVE BOARD	1.00	Officer	$589	$0	$589
JEREMY WHITE	EXECUTIVE BOARD	1.00	Officer	$986	$0	$986

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	$692,606	$681,392	$1,594,161	$11,214
2022	$667,860	$720,781	$1,582,947	$-52,921
2021	$738,093	$701,087	$1,637,260	$37,006
2020	$654,945	$650,443	$1,598,863	$4,502
2019	$602,471	$570,047	$1,594,361	$32,424
2018	$568,173	$625,883	$1,561,936	$-57,710

INTERNATIONAL BROTHERHOOD ELECTRICAL WORKERS AFL-CIO 1362