IBEW LOCAL UNION NO 26 (EIN 530088390) - 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

1892

Legal Domicile

Principal Officer

THOMAS MYERS

Phone

3014592900

Tax Period

2024-07-01 to 2025-06-30

IBEW LOCAL UNION NO 26, founded in 1892, is a mid-sized nonprofit that reported $37.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.9M, a strong 39% operating margin.

Mission

TO FURTHER THE PROFESSIONAL AND SOCIAL WELFARE OF MEMBERS OF THE ELECTRICAL INDUSTRY

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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 $32,970,541

Investment Income $4,939,467

Other Revenue $36,484

TOTAL REVENUE $37,946,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,650,592

Fundraising Expenses $0

Program Expenses $12,560,474

Other Expenses $15,398,256

TOTAL EXPENSES $23,048,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,946,492	$30,155,383	+0.3%
Expenses	$23,048,848	$21,154,755	+0.1%
Net Income	$14,897,644	$9,000,628	+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

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

$1,451,743

Total Directors

$2,068,161

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH DABBS	BUSINESS MANAGER	50.0	Officer	$228,452	$47,167	$275,619
CHRISTOPHER CASH	FINANCIAL SECRETARY	50.0	Officer Director	$203,003	$46,404	$249,407
THOMAS MYERS	PRESIDENT	50.0	Officer Director	$200,401	$46,326	$246,727
JOHN COLLINS	EXECUTIVE BOARD	50.0	Director	$191,565	$46,061	$237,626
RICHARD VILLANO	BUSINESS REPRESENTATIVE	50.0	Highest	$187,468	$45,938	$233,406
JOSEPH BRINLEY	BUSINESS REPRESENTATIVE	50.0	Highest	$186,494	$45,909	$232,403
WILLIAM NG	TREASURER	50.0	Officer	$185,535	$45,880	$231,415
RICHARD MURPHY	RECORDING SECRETARY	50.0	Officer	$184,897	$45,861	$230,758
ADAM BOLES	BUSINESS REPRESENTATIVE	50.0	Highest	$184,342	$45,844	$230,186
EPAMINONDAS MOUHANIS	EXECUTIVE BOARD	50.0	Director	$182,092	$45,777	$227,869
MARK PONTELLO	BUSINESS REPRESENTATIVE	50.0	Highest	$179,543	$45,700	$225,243
LUIS GONZALEZ-MENDEZ	BUSINESS REPRESENTATIVE	50.0	Highest	$178,343	$45,664	$224,007
CHRISTOPHER BROOKS	EXECUTIVE BOARD	50.0	Director	$177,808	$45,648	$223,456
LORNE SEAY	EXECUTIVE BOARD	50.0	Director	$177,785	$45,647	$223,432
THOMAS CLARK	EXECUTIVE BOARD	50.0	Director	$176,758	$45,617	$222,375
GARY HALL	EXECUTIVE BOARD	50.0	Director	$173,920	$45,532	$219,452
RICHARD WILKINSON	VICE PRESIDENT	50.0	Officer Director	$172,333	$45,484	$217,817

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	$37,946,492	$23,048,848	$89,443,375	$14,897,644
2024	$30,155,383	$21,154,755	$73,344,047	$9,000,628
2023	$26,617,863	$19,847,348	$61,487,772	$6,770,515
2022	$24,694,150	$17,975,232	$52,981,835	$6,718,918
2021	$21,547,063	$16,132,221	$52,446,132	$5,414,842
2020	$20,769,193	$15,877,981	$42,239,003	$4,891,212
2019	$19,790,478	$15,273,380	$37,352,456	$4,517,098
2018	$18,828,513	$14,133,569	$32,135,499	$4,694,944

IBEW LOCAL UNION NO 26