INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1593 (EIN 450365082) - 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

1982

Legal Domicile

Principal Officer

JASON FRANK

Phone

7017486710

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1593, founded in 1982, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 6% surplus.

Mission

OUR GOAL AS A UNION IS TO KEEP OUR MEMBERSHIP STRONG AND CONTINUE TO WORK TOGETHER FOR THE BETTERMENT OF: WORKERS RIGHTS, FAIR WAGES, BENEFITS OF WORKING FAMILIES, AND SOLIDARITY OF THE UNION.

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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 $1,102,133

Investment Income $32,695

Other Revenue $3,684

TOTAL REVENUE $1,138,512

Expense Breakdown

Grants Paid $10,552

Salaries & Benefits $537,122

Fundraising Expenses $0

Other Expenses $520,127

TOTAL EXPENSES $1,067,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,138,512	$1,068,455	+0.1%
Expenses	$1,067,801	$1,106,142	0.0%
Net Income	$70,711	$-37,687	-2.9%

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

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

$406,719

Total Directors

$193,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON FRANK	BUSINESS MGR	40.00	Officer	$169,860	$43,311	$213,171
JOSEPH ROEDER	ASSTBUSMGR/V	40.00	Officer Director	$144,012	$48,036	$192,048
JON NADEAU	PRESIDENT	0.25	Officer Director	$900	$0	$900
BRANDON SAILER	SECRETARY	0.25	Officer Director	$300	$0	$300
SHAWN IVERSON	TREASURER	0.25	Officer Director	$300	$0	$300
SEAN SENSKE	EXEC BOARD	0.25	Director	$0	$0	$0
SHAWN ROBINSON	EXEC BOARD	0.25	Director	$0	$0	$0
JESSE KUHN	EXEC BOARD	0.25	Director	$0	$0	$0
KATIE WILSON	EXEC BOARD	0.25	Director	$0	$0	$0
DAVID LUNDSTROM	EXEC BOARD	0.25	Director	$0	$0	$0
ZAC HESKIN	EXEC BOARD	0.25	Director	$0	$0	$0
JARIN SPRECHER	EXEC 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	$1,138,512	$1,067,801	$931,631	$70,711
2023	$1,068,455	$1,106,142	$872,224	$-37,687
2022	$1,008,732	$1,062,832	$904,875	$-54,100
2021	$1,018,113	$1,017,509	$953,069	$604
2020	$999,787	$900,169	$947,310	$99,618
2019	$984,000	$1,065,051	$832,045	$-81,051
2018	$1,002,465	$963,488	$908,830	$38,977

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1593