INTL BROTHERHOOD OF ELECTRICAL WORKERS AFL-CIO LOCAL 1340 (EIN 540404459) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1943

Legal Domicile

Principal Officer

Jeffrey Rowe

Phone

7578751340

Tax Period

2024-01-01 to 2024-12-31

INT'L BROTHERHOOD OF ELECTRICAL WORKERS AFL-CIO LOCAL 1340, founded in 1943, is a small nonprofit that reported $659K in total revenue in fiscal year 2018.

Mission

TO PROVIDE THE MEMBERS OF THE LOCAL ELECTRICAL UNION WITH SERVICES AND BENEFITS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,194,555

Investment Income $33,768

Other Revenue $12,862

TOTAL REVENUE $1,241,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $490,594

Fundraising Expenses $0

Other Expenses $510,618

TOTAL EXPENSES $1,023,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,241,185	$1,153,009	+0.1%
Expenses	$1,023,592	$816,424	+0.3%
Net Income	$217,593	$336,585	-0.4%

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

$259,503

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Rowe	Business Manage	40.00	Officer	$101,863	$30,043	$131,906
Aaron Woodard	President	40.00	Officer	$92,877	$30,043	$122,920
Matthew Curts	Recording Sec	1.00	Officer	$2,227	$0	$2,227
Robert Grainger	Treasurer	1.00	Officer	$1,200	$0	$1,200
William J Howard JR	Executive Board	1.00	Officer	$275	$0	$275
Warren Stechele	Executive Board	1.00	Officer	$275	$0	$275
Lorenzo Pacheco	Executive Board	1.00	Officer	$250	$0	$250
Rachel Cornelision	Executive Board	1.00	Officer	$250	$0	$250
Rodney Bonniville	Executive Board	1.00	Officer	$200	$0	$200
Jason Parker	Vice President	40.00	Officer	$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
2024	$1,241,185	$1,023,592	$1,714,008	$217,593
2023	$1,153,009	$816,424	$1,541,143	$336,585
2022	$843,191	$750,147	$1,244,031	$93,044
2021	$882,819	$698,495	$1,157,925	$184,324
2020	$696,089	$664,199	$965,337	$31,890
2019	$682,802	$642,823	$953,371	$39,979
2018	$659,411	$680,469	$852,115	$-21,058

INTL BROTHERHOOD OF ELECTRICAL WORKERS AFL-CIO LOCAL 1340