LOCAL 661 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN 480420122) - 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

1914

Legal Domicile

Principal Officer

KEN BOYER

Phone

6206633431

Tax Period

2024-07-01 to 2025-06-30

LOCAL 661 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, founded in 1914, is a small nonprofit that reported $698K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 20% operating margin.

Mission

LOCAL UNION NO. 661 WAS ORGANIZED TO PROVIDE A VARIETY OF BENEFITS TO ELECTRICAL WORKERS LOCATED IN 37 COUNTIES IN KANSAS. INCLUDED IN THE BENEFITS TO MEMBERS THROUGH THE COLLECTION OF DUES ARE PENSION FUNDS, CONTINUING EDUCATION, DEATH BENEFITS, ETC.

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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 $661,297

Investment Income $31,021

Other Revenue $5,462

TOTAL REVENUE $697,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $307,095

Fundraising Expenses $0

Program Expenses $299,561

Other Expenses $249,952

TOTAL EXPENSES $559,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$697,780	$567,246	+0.2%
Expenses	$559,042	$531,734	+0.1%
Net Income	$138,738	$35,512	+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

$283,224

Total Directors

$287,694

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAVIN TAYLOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN CARROLL	VICE PRESIDE	1.00	Officer Director	$1,047	$0	$1,047
KEN BOYER	BUS MGR./FIN	40.00	Officer Director	$82,859	$31,751	$114,610
BRADLEY WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS SCHRAG	EXECUTIVE BO	1.00	Officer Director	$872	$0	$872
ANTHONY GRESHAM	REC. SEC/JAT	40.00	Officer Director	$84,195	$31,666	$115,861
RYAN DEBERRY	EXECUTIVE BO	1.00	Director	$320	$1,498	$1,818
CIARAN PAGE	EXECUTIVE BO	1.00	Director	$0	$0	$0
MATT JANZEN	EXECUTIVE BO	1.00	Director	$0	$0	$0
CURTIS STEELE	JATC COMMITT	1.00	Director	$1,713	$681	$2,394
JEFF WALKER	JATC COMM/EX	1.00	Director	$154	$0	$154
WILLIAM RICHEY	PENSION COMM	1.00	Director	$40	$32	$72
CLAYTON MICHEL	PENSION COMM	1.00	Director	$0	$32	$32
TYSON KUHN	EXECUTIVE BO	1.00	Director	$0	$0	$0
TIM NOLAN	BUSINESS MAN	1.00	Officer Director	$50,008	$826	$50,834

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	$697,780	$559,042	$984,260	$138,738
2024	$567,246	$531,734	$845,440	$35,512
2023	$601,343	$479,238	$810,113	$122,105
2022	$538,140	$455,394	$687,896	$82,746
2021	$438,109	$408,341	$605,406	$29,768
2020	$457,967	$413,215	$575,418	$44,752

LOCAL 661 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS