INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 304

EIN: 480451443

TOPEKA, KS

Total Revenue
$3,493,934
Total Expenses
$3,439,655
Total Assets
$1,968,072
Net Assets
$1,968,072
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
KS
Principal Officer
JASON IANACONE
Phone
7852352301
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 304, founded in 1933, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (IBEW) REPRESENTS MEMBERS WHO WORK IN A WIDE VARIETY OF FIELDS, INCLUDING UTILITIES, CONSTRUCTION, BROADCASTING, MANUFACTURING, RAILROADS AND GOVERNMENT. THE IBEW LOCAL UNION 304 MISSIONS IS TO ORGANIZE ALL WORKERS IN THE ELECTRICAL INDUSTRY, TO PROMOTE REASONABLE METHODS OF WORK, TO CULTIVATE FEELINGS OF FRIENDSHIP AMONG THOSE OF THE ELECTRICAL INDUSTRY TO SETTLE ALL DISPUTES BETWEEN EMPLOYERS AND EMPLOYEES BY ARBITRATION (IF POSSIBLE); TO ASSIST EACH OTHER IN SICKNESS OR DISTRESS; TO SECURE EMPLOYEMENT; TO SEEK SECURITY FOR THE INDIVIDUAL; AND BY LEGAL AND PROPER MEANS TO ELEVATE THE MORALE, INTELLECTUAL AND SOCIAL CONDITIONS OF OUR MEMBERS, THEIR FAMILIES AND DEPENDENTS, IN THE INTEREST OF HIGHER STANDARD OF CITIZENSHIP.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $305,195
Program Service Revenue $3,125,301
Investment Income $47,878
Other Revenue $15,560
TOTAL REVENUE $3,493,934

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,284,760
Fundraising Expenses $0
Other Expenses $2,154,895
TOTAL EXPENSES $3,439,655

Year-over-Year Comparison

2023 2022 Change
Revenue $3,493,934 $2,961,634 +0.2%
Expenses $3,439,655 $2,963,982 +0.2%
Net Income $54,279 $-2,348 -24.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
68
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
5
$172,491
Total Directors
6
$15,379
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE SICARD ASSISTANT BI 40.00
Highest
$153,240 $35,338 $188,578
JASON IANACONE BUSINESS MAN 40.00
Officer
$133,614 $31,316 $164,930
TYLER HUNINIGHAKE BOARD OF DIR 1.00
Director
$6,010 $0 $6,010
MICHAEL METCALFE BOARD OF DIR 1.00
Director
$5,740 $0 $5,740
TANIA MCNEIVE RECORDING SE 1.00
Officer
$3,381 $0 $3,381
STEVEN ALLEN VICE PRESIDE 1.00
Officer
$2,284 $0 $2,284
VALEYTA ALTHOUSE BOARD OF DIR 1.00
Director
$1,849 $0 $1,849
RICHARD TAYLOR BURNETT BOARD OF DIR 1.00
Director
$995 $0 $995
JENNIFER GILBERT TREASURER 1.00
Officer
$978 $0 $978
BRYAN BALCH PRESIDENT 1.00
Officer
$918 $0 $918
TODD THEEL BOARD OF DIR 1.00
Director
$491 $0 $491
RUSTY NEWELL BOARD OF DIR 1.00
Director
$294 $0 $294
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 $3,493,934 $3,439,655 $1,968,072 $54,279
2022 $2,961,634 $2,963,982 $1,913,793 $-2,348
2021 $2,626,108 $2,467,500 $1,916,141 $158,608
2020 $2,339,286 $2,344,806 $1,756,061 $-5,520
2019 $2,531,184 $2,333,083 $1,761,581 $198,101
2018 $2,180,926 $2,237,460 $1,559,950 $-56,534
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