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

1897

Legal Domicile

Principal Officer

KENNETH PEEBLES

Phone

3146452236

Tax Period

2024-10-01 to 2025-09-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 2, founded in 1897, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 24% operating margin.

Mission

TO OBTAIN FAIR WAGES, BENEFITS, AND SAFE WORKING CONDITIONS FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

REPRESENTED MEMBERS OF UNION THROUGH COLLECTIVE BARGAINING WITH VARIOUS INDIVIDUAL EMPLOYERS AND EMPLOYER GROUPS AND THROUGH RESOLUTION OF MEMBER GRIEVENCES WITH THEIR EMPLOYERS.

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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 $4,145,968

Investment Income $439,500

Other Revenue $0

TOTAL REVENUE $4,585,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,604,617

Fundraising Expenses $0

Other Expenses $1,860,907

TOTAL EXPENSES $3,486,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,585,468	$4,089,824	+0.1%
Expenses	$3,486,318	$3,172,744	+0.1%
Net Income	$1,099,150	$917,080	+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

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

$633,174

Total Directors

Key Employees

$242,848

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID POLITTE	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
JOSHUA BROOKS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CECIL CROCKER	RECORDING SECRETARY	1.00	Officer	$85,971	$67,915	$153,886
STEVE BENTON	BUSINESS REPRESENTATIVE	40.00	Officer	$152,492	$67,915	$220,407
MICHAEL KEITH	BUSINESS REPRESENTATIVE	40.00	Officer	$152,510	$67,915	$220,425
CHARLIE WILLIAMSON	PRESIDENT	1.00	Officer	$0	$0	$0
DEVIN REED	TREASURER	1.00	Officer	$0	$0	$0
JOSEPH PEWITT	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
JERRY CARTWRIGHT	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
JOHN RONEY JR	EXECUTIVE BOARD	1.00	Officer	$0	$38,456	$38,456
KENNETH PEEBLES	BUSINESS MANAGER	40.00	Key Emp	$169,354	$73,494	$242,848
STEVEN BANDERMAN	FORMER RECORDING SECRETARY	40.00		$152,510	$23,144	$175,654

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	$4,585,468	$3,486,318	$16,026,137	$1,099,150
2024	$4,089,824	$3,172,744	$14,925,613	$917,080
2023	$4,551,924	$2,899,810	$14,007,660	$1,652,114
2022	$4,203,283	$2,787,018	$12,354,387	$1,416,265
2021	$3,403,314	$2,395,480	$10,937,126	$1,007,834
2020	$3,265,648	$2,461,745	$9,928,779	$803,903
2019	$3,204,689	$2,404,243	$9,124,770	$800,446
2018	$2,681,872	$2,317,521	$8,332,619	$364,351

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 2