INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 350 (EIN 436051947) - 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

2000

Legal Domicile

Principal Officer

MATTHEW KROEGER

Phone

5732212648

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 350, founded in 2000, is a small nonprofit that reported $344K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $99K, a strong 29% operating margin.

Mission

TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $312,980

Program Service Revenue $0

Investment Income $30,921

Other Revenue $0

TOTAL REVENUE $343,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,343

Fundraising Expenses $0

Program Expenses $208,844

Other Expenses $104,042

TOTAL EXPENSES $245,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,901	$300,399	+0.1%
Expenses	$245,385	$197,444	+0.2%
Net Income	$98,516	$102,955	0.0%

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

Total Directors

$89,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW KROEGER	BUSINESS MANAGER	40.00	Director	$89,630	$0	$89,630
GEORGE FOGLE	PRESIDENT	2.00	Officer	$0	$0	$0
CODY BAXTER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SEAN BOURRET	RECORDING SECRETARY	2.00	Officer	$0	$0	$0
RICHARD SWON	TREASURER	5.00	Officer	$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
2025	$343,901	$245,385	$1,074,564	$98,516
2024	$300,399	$197,444	$974,715	$102,955
2023	$246,316	$218,794	$869,750	$27,522
2022	$211,709	$223,777	$842,228	$-12,068
2021	$247,501	$175,820	$854,296	$71,681
2020	$246,356	$182,238	$782,615	$64,118
2019	$245,102	$172,375	$718,497	$72,727

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 350