IBEW LOCAL 2032 (EIN 510244392) - 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

1958

Legal Domicile

Principal Officer

WILLIAM BROWN

Phone

3157641778

Tax Period

2023-07-01 to 2024-06-30

IBEW LOCAL 2032, founded in 1958, is a small nonprofit that reported $492K in total revenue in fiscal year 2023.

Mission

TO BETTER THE CONDITION OF THOSE EMPLOYED AND DEVELOP A HIGHER DEGREE OF EFFICIENCY IN THEIR RESPECTIVE OCCUPATIONS

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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 $485,398

Program Service Revenue $0

Investment Income $6,929

Other Revenue $0

TOTAL REVENUE $492,327

Expense Breakdown

Grants Paid $7,400

Salaries & Benefits $98,254

Fundraising Expenses $0

Program Expenses $522,161

Other Expenses $416,507

TOTAL EXPENSES $522,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,327	$500,438	0.0%
Expenses	$522,161	$585,904	-0.1%
Net Income	$-29,834	$-85,466	-0.7%

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

N/A

Independent Members

N/A

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

$15,900

Total Directors

$3,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BROWN	BUSINESS MAN	40.00	Director	$3,300	$0	$3,300
BENJAMIN MURTAGH	PRESIDENT	5.00	Officer	$3,000	$0	$3,000
JASON CHILTON	VP/TREASURER	5.00	Officer	$2,700	$0	$2,700
JOHN GRAY	FINANCIAL SE	5.00	Officer	$2,400	$0	$2,400
JASON JOCHEM	UNIT CHAIRMA	5.00	Officer	$2,400	$0	$2,400
MICHAEL SCRANTON	UNIT CHAIRMA	5.00	Officer	$2,400	$0	$2,400
LEONARD CATER	VICE UNIT CH	5.00	Officer	$1,200	$0	$1,200
DOMINICK COLUCCI	UNIT VICE CH	5.00	Officer	$1,200	$0	$1,200
MILLICENT HOPPER	RECORDING SE	5.00	Officer	$600	$0	$600

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	$492,327	$522,161	$224,266	$-29,834
2023	$500,438	$585,904	$276,124	$-85,466
2022	$486,203	$498,283	$363,942	$-12,080
2021	$461,919	$318,155	$365,481	$143,764
2020	$460,336	$408,631	$219,071	$51,705
2019	$452,510	$428,769	$167,604	$23,741

IBEW LOCAL 2032