IBEW LOCAL 763 (EIN 470463237) - 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

1918

Legal Domicile

Principal Officer

DAVID P BENAK

Phone

4025511004

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 763, founded in 1918, is a small nonprofit that reported $604K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $560K left a modest 7% surplus.

Mission

REPRESENTATION OF MEMBERS IN ALL MATTERS DEALING WITH WORKING CONDITIONS, WORK RULES, AND ACTING AS THE BARGAINING AGENT IN CONTRACT NEGOTIATIONS THROUGH COLLECTIVE BARGAINING.

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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 $0

Program Service Revenue $522,186

Investment Income $63,532

Other Revenue $18,332

TOTAL REVENUE $604,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,856

Fundraising Expenses $0

Program Expenses $472,907

Other Expenses $484,738

TOTAL EXPENSES $559,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$604,050	$557,718	+0.1%
Expenses	$559,594	$541,378	+0.0%
Net Income	$44,456	$16,340	+1.7%

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

$50,573

Total Directors

$20,603

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT F LOGES	EXECUTIVE BOARD	2.00	Director	$4,590	$0	$4,590
LOUAVA L DEAL-WRIGHT	EXECUTIVE BOARD	2.00	Director	$2,254	$0	$2,254
TIMOTHY P O'CONNOR	EXECUTIVE BOARD	2.00	Director	$4,579	$0	$4,579
BRENT A SASS	EXECUTIVE BOARD	2.00	Director	$4,590	$0	$4,590
PHILIP P SOERGEL	EXECUTIVE BOARD	2.00	Director	$4,590	$0	$4,590
DAVID P BENAK	PRESIDENT	10.00	Officer	$17,565	$0	$17,565
JASON M CAVANAUGH	VICE-PRESIDENT	5.00	Officer	$8,262	$0	$8,262
RYAN C LONG	RECORDING SECRETARY	5.00	Officer	$8,242	$0	$8,242
BRADLEY R ERICKSON	FINANCIAL SECRETARY	5.00	Officer	$8,262	$0	$8,262
STEVEN D REDLER	TREASURER	5.00	Officer	$8,242	$0	$8,242

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	$604,050	$559,594	$1,609,633	$44,456
2022	$557,718	$541,378	$1,453,756	$16,340
2021	$574,686	$388,565	$1,669,812	$186,121
2020	$505,642	$375,520	$1,357,937	$130,122
2019	$511,465	$453,123	$1,182,045	$58,342
2018	$527,076	$487,632	$976,266	$39,444

IBEW LOCAL 763