International Brotherhood Electrical Workers IBEW LOCAL 53 (EIN 440525654) - 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

1917

Legal Domicile

Principal Officer

Eric Williams

Phone

8164215464

Tax Period

2023-01-01 to 2023-12-31

International Brotherhood Electrical Workers IBEW LOCAL 53, founded in 1917, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

Negotiating Organization

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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 $6,925,575

Program Service Revenue $0

Investment Income $786,706

Other Revenue $45,006

TOTAL REVENUE $7,757,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,644,452

Fundraising Expenses $0

Other Expenses $3,650,360

TOTAL EXPENSES $6,294,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,757,287	$8,185,673	-0.1%
Expenses	$6,294,812	$6,098,993	+0.0%
Net Income	$1,462,475	$2,086,680	-0.3%

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

160

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

$577,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Shull	Executive Board	2.00	Officer	$720	$0	$720
Chester Jones	Recording Secretary	2.00	Officer	$1,118	$0	$1,118
Ron Head Jr	Executive Board	2.00	Officer	$567	$0	$567
Kyle Neuenschwander	Business Rep	40.00	Officer Highest	$141,341	$49,015	$190,356
Allen Dixon	Business Rep	40.00	Highest	$146,335	$49,015	$195,350
Chad McGregor	Business Rep	40.00	Highest	$140,702	$49,015	$189,717
Chris Griffin	Executive Board	2.00	Officer	$1,354	$0	$1,354
Stephen Henderson II	Executive Board	2.00	Officer	$360	$0	$360
Steve Burkhart	President	2.00	Officer	$141,589	$49,015	$190,604
Brad Watring	Vice President	2.00	Officer	$7,377	$0	$7,377
Eugene Bray	Treasurer	2.00	Officer	$112,968	$49,015	$161,983
Benjamin Bush	Business Rep	40.00	Highest	$150,659	$49,015	$199,674
Michael Tuttle	Executive Board	2.00	Officer	$360	$0	$360
Lisa Mead	Business Rep	40.00	Highest	$142,020	$49,015	$191,035
Andre Tinoco	Business Rep	40.00	Highest	$140,702	$49,015	$189,717
Gregory Johnson	President	2.00	Officer	$7,045	$0	$7,045
William Collins	Recording Secretary	2.00	Officer	$10,326	$0	$10,326
Jacob Blackstone	Treasurer	2.00	Officer	$966	$0	$966
Richard Summers	Vice President	2.00	Officer	$1,752	$0	$1,752
Todd Alvin	Executive Board	2.00	Officer	$966	$0	$966
Blake Barber	Executive Board	2.00	Officer	$1,725	$0	$1,725

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	$7,757,287	$6,294,812	$24,983,121	$1,462,475
2022	$8,185,673	$6,098,993	$22,117,030	$2,086,680
2021	$8,681,568	$4,972,865	$22,851,292	$3,708,703
2020	$6,724,732	$4,142,475	$18,265,584	$2,582,257
2019	$4,971,710	$4,036,868	$14,374,382	$934,842
2018	$4,422,272	$4,139,693	$12,125,369	$282,579

International Brotherhood Electrical Workers IBEW LOCAL 53