IBEW LOCAL 22NEBRASKA NECA LABOR MANAGEMENT COOPERATION COM INC (EIN 470813902) - 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

1999

Legal Domicile

Principal Officer

BARRY MAYFIELD JR

Phone

4023975105

Tax Period

2023-06-01 to 2024-05-31

IBEW LOCAL 22NEBRASKA NECA LABOR MANAGEMENT COOPERATION COM INC, founded in 1999, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $771K, a strong 52% operating margin.

Mission

TO IMPROVE THE ELECTRICAL INDUSTRY FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,485,021

Investment Income $1,660

Other Revenue $0

TOTAL REVENUE $1,486,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $715,732

TOTAL EXPENSES $715,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,486,681	$1,856,422	-0.2%
Expenses	$715,732	$775,510	-0.1%
Net Income	$770,949	$1,080,912	-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

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY MAYFIELD JR	PRESIDENT	N/A	Officer	$0	$0	$0
MIKE BUNACH	SEC./TREASUR	N/A	Officer	$0	$0	$0
JAY IGNOWSKI	TRUSTEE	N/A	Director	$0	$0	$0
NICK JANKOWSKI	TRUSTEE	N/A	Director	$0	$0	$0
NEIL DAVIDSON	TRUSTEE	N/A	Director	$0	$0	$0
RICK MILOTA	TRUSTEE	N/A	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
2025	No data	No data	No data	No data
2024	$1,486,681	$715,732	$10,434,855	$770,949
2023	$1,856,422	$775,510	$10,731,086	$1,080,912
2022	$1,279,399	$478,710	$10,481,531	$800,689
2022	$1,279,399	$478,610	$8,195,532	$800,789
2021	$1,501,922	$387,806	$7,380,734	$1,114,116
2020	$1,200,966	$484,169	$6,261,111	$716,797
2019	$1,254,668	$525,807	$5,553,511	$728,861

IBEW LOCAL 22NEBRASKA NECA LABOR MANAGEMENT COOPERATION COM INC