International Brotherhood of Electrical Workers Local Union 412 (EIN 440296394) - 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

1937

Legal Domicile

Phone

8162314530

Tax Period

2023-01-01 to 2023-12-31

International Brotherhood of Electrical Workers Local Union 412, founded in 1937, is a small nonprofit that reported $517K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $613K exceeded revenue, resulting in a 19% operating deficit.

Mission

Betterment of wages, benefits of IBEW Local 412 Working Conditions

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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 $496,212

Program Service Revenue $0

Investment Income $20,349

Other Revenue $0

TOTAL REVENUE $516,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,351

Fundraising Expenses $0

Other Expenses $232,199

TOTAL EXPENSES $612,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,561	$556,825	-0.1%
Expenses	$612,550	$730,826	-0.2%
Net Income	$-95,989	$-174,001	-0.4%

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

$169,162

Total Directors

$196,122

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy S Blanchard	President	5.00	Officer Director	$16,580	$0	$16,580
Donald Garrett	Vice President	2.00	Officer Director	$7,092	$0	$7,092
Ronald G Miller Jr	Recording Secretary	2.00	Officer Director	$5,926	$0	$5,926
Theresa Harris	Treasurer	2.00	Officer Director	$5,926	$0	$5,926
Christopher D Wilson	Business Manager	40.00	Officer Director	$133,638	$0	$133,638
Casey R Baker	Executive Board	1.00	Director	$3,668	$0	$3,668
Clinton S Dinges	Executive Board	1.00	Director	$3,119	$0	$3,119
Kevin P Kensinger	Executive Board	1.00	Director	$2,963	$0	$2,963
William B Ashurst	Executive Board	1.00	Director	$2,963	$0	$2,963
Nicholas J Wampler	Executive Board	1.00	Director	$4,359	$0	$4,359
Nathanial P Weick	Executive Board	1.00	Director	$4,444	$0	$4,444
Ali A Zangi	Executive Board	1.00	Director	$2,963	$0	$2,963
Luke D Boylan	Executive Board	1.00	Director	$2,481	$0	$2,481

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	$516,561	$612,550	$1,405,752	$-95,989
2022	$556,825	$730,826	$1,372,152	$-174,001
2021	$597,171	$656,669	$1,790,497	$-59,498
2020	$779,380	$700,424	$1,804,452	$78,956
2019	$733,371	$675,473	$1,848,603	$57,898
2018	$809,213	$730,783	$1,704,532	$78,430

International Brotherhood of Electrical Workers Local Union 412