SANTA BARBARA ELECTRICAL WORKERS' … - 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

1917

Legal Domicile

Principal Officer

WILLIAM BAKER

Phone

8056888083

Tax Period

2024-01-01 to 2024-12-31

SANTA BARBARA ELECTRICAL WORKERS' BUILDING CORPORATION, founded in 1917, is a small nonprofit in the Community Improvement sector that reported $202K in total revenue in fiscal year 2024. Expenses of $195K left a modest 4% surplus.

Mission

TO HOLD TITLE TO AND MANAGE THE BUILDINGS OWNED BY THE MEMBERSHIP OF IBEW LOCAL 413.

Program Service Accomplishments

Program 1

TO HOLD TITLE TO AND MANAGE THE BUILDINGS OWNED BY THE MEMBERSHIP OF IBEW LOCAL 413.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $202,089

TOTAL REVENUE $202,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $194,546

TOTAL EXPENSES $194,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,089	$198,212	+0.0%
Expenses	$194,546	$193,766	+0.0%
Net Income	$7,543	$4,446	+0.7%

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

N/A

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

$383,087

Total Directors

$384,279

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BAKER	BUSINESS MANAGER/FIN SEC'Y	2.0	Officer Director	$0	$49,428	$202,059
MATTHEW COOPER	BUSINESS REP/TREASURER	2.0	Officer Director	$0	$47,467	$175,865
CHUCK HUDDLESTON	PRESIDENT	0.25	Officer Director	$0	$0	$5,163
ROBERTO TORREZ	RECORDING SECRETARY	0.25	Director	$0	$0	$1,192
RON VERBRYKE	TREASURER - PAST	0.5	Officer Director	$0	$0	$0
JOE PAQUET	EXECUTIVE BOARD - PAST	0.25	Director	$0	$0	$0
BEAU RAY	EXECUTIVE BOARD - PAST	0.25	Director	$0	$0	$0
AMANDA OLAFFSON	VICE PRESIDENT - PAST	0.25	Officer Director	$0	$0	$0
DAVID MOREARTY	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
CHAD MCGRAY	EXECUTIVE BOARD	0.25	Director	$0	$0	$0
SAM WELLFORD	EXECUTIVE BOARD	0.25	Director	$0	$0	$0
JUSTIN KENNEDY	EXECUTIVE BOARD	0.25	Director	$0	$0	$0
GLEN GOODWIN	EXECUTIVE BOARD	0.25	Director	$0	$0	$0

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	$202,089	$194,546	$2,328,948	$7,543
2023	$198,212	$193,766	$2,321,405	$4,446
2022	$187,447	$202,824	$2,316,959	$-15,377
2021	$186,635	$195,803	$2,332,336	$-9,168
2020	$183,683	$184,316	$2,511,458	$-633
2019	$189,286	$215,159	$2,552,222	$-25,873
2018	$189,645	$194,892	$2,628,028	$-5,247

SANTA BARBARA ELECTRICAL WORKERS' BUILDING CORPORATION