INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 405

EIN: 420668751

CEDAR RAPIDS, IA

Total Revenue
$3,745,795
Total Expenses
$1,961,446
Total Assets
$5,011,227
Net Assets
$5,010,227
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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
1911
Legal Domicile
IA
Principal Officer
MATT RESOR
Phone
3193968241
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 405, founded in 1911, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2025. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 48% operating margin.

Mission

ELEVATES THE MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,562,096
Investment Income $159,545
Other Revenue $24,154
TOTAL REVENUE $3,745,795

Expense Breakdown

Grants Paid $136,575
Salaries & Benefits $811,450
Fundraising Expenses $0
Other Expenses $1,013,421
TOTAL EXPENSES $1,961,446

Year-over-Year Comparison

2025 2024 Change
Revenue $3,745,795 $2,524,995 +0.5%
Expenses $1,961,446 $1,919,598 +0.0%
Net Income $1,784,349 $605,397 +1.9%
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

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Governance

Voting Members
11
Independent Members
11
Employees
6
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
5
$182,607
Total Directors
11
$231,258
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RESOR MATTHEW BUSINESS MANAGER/FINANCIAL 49.00
Officer Director
$123,607 $51,102 $174,709
FRANKLIN JOHN PRESIDENT 1.00
Officer Director
$2,836 $0 $2,836
FOSTER AARON VICE PRESIDENT 1.00
Officer Director
$550 $0 $550
FASSELIUS JON RECORDING SECRETARY 1.00
Officer Director
$2,475 $0 $2,475
STRAUB STEVE TREASURER 1.00
Officer Director
$2,037 $0 $2,037
DILL CODY EXECUTIVE BOARD 1.00
Director
$701 $0 $701
EDMUNDS RYAN EXECUTIVE BOARD 1.00
Director
$2,320 $0 $2,320
MCNALLY KENT EXECUTIVE BOARD 1.00
Director
$991 $0 $991
NEAL CHAD EXECUTIVE BOARD 1.00
Director
$443 $0 $443
UMSTEAD JOSH EXECUTIVE BOARD 1.00
Director
$764 $0 $764
VOLK NICK EXECUTIVE BOARD 1.00
Director
$29,779 $13,653 $43,432
CAMPION CHAD EXECUTIVE BOARD 48.00
Highest
$101,119 $45,825 $146,944
MOREHOUSE LONDON ASSISTANT BUSINESS MANAGER 48.00
Highest
$112,291 $49,164 $161,455
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 $3,745,795 $1,961,446 $5,011,227 $1,784,349
2024 $2,524,995 $1,919,598 $4,523,785 $605,397
2023 $1,912,238 $1,784,181 $3,915,937 $128,057
2022 $1,765,007 $1,793,413 $3,791,585 $-28,406
2021 $1,669,860 $1,862,094 $3,820,032 $-192,234
2020 $1,566,931 $1,428,529 $4,007,917 $138,402
2019 $1,642,651 $1,474,732 $3,871,572 $167,919
2018 $1,485,631 $1,384,848 $3,705,435 $100,783
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