INTL BRTHD OF ELECT WORKERS(IBEW) LOCAL UNION 50

EIN: 541956492

HIGHLAND SPRINGS, VA

Total Revenue
$2,502,065
Total Expenses
$2,608,164
Total Assets
$491,354
Net Assets
$491,354
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
VA
Principal Officer
JOHN ALBERT
Phone
8043282972
Tax Period
2023-01-01 to 2023-12-31

INTL BRTHD OF ELECT WORKERS(IBEW) LOCAL UNION 50, founded in 1999, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2018. Expenses of $2.3M left a modest 10% surplus.

Mission

THE PURPOSE OF THE LOCAL IS TO PROMOTE BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS. THE LOCAL REPRESENTS EMPLOYEES OF DOMINION VIRGINIA POWER, VIRGINIA NATURAL GAS, FIRST ENERGY, AND CRAIG-BOTETOURT ELECTRIC COOPERATIVE

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,497,119
Investment Income $4,946
Other Revenue $0
TOTAL REVENUE $2,502,065

Expense Breakdown

Grants Paid $1,431
Salaries & Benefits $1,304,293
Fundraising Expenses $0
Other Expenses $1,302,440
TOTAL EXPENSES $2,608,164

Year-over-Year Comparison

2023 2022 Change
Revenue $2,502,065 $2,292,566 +0.1%
Expenses $2,608,164 $2,745,055 0.0%
Net Income $-106,099 $-452,489 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
7
Independent Members
N/A
Employees
40
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
9
$729,657
Total Directors
1
$44,403
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS L WILLIAMS EXECUTIVE BOARD MEMBER 25.00
Officer Director
$44,403 $0 $44,403
BRAD STEVENS PRESIDENT/BUS MGR./FIN.SEC (P) 55.00
Officer
$25,544 $2,141 $27,685
MIKE BARCLAY RECORDING SECRETARY 30.00
Officer
$62,513 $2,501 $65,014
JOHN ALBERT PRESIDENT/BUS MGR./FIN.SEC 62.00
Officer
$162,164 $20,030 $182,194
MARK R FLOWERS EXECUTIVE BOARD CHAIRMAN (P) 26.00
Officer
$11,188 $0 $11,188
JASON DAVIS VICE PRESIDENT 61.00
Officer
$148,066 $11,512 $159,578
JASON BRADLEY EXECUTIVE BOARD MEMBER 14.00
Officer
$26,664 $0 $26,664
ERIC NAPIER TREASURER 40.00
Officer
$118,903 $22,495 $141,398
CHRISTOPHER HENDERSON EXECUTIVE BOARD MEMBER 14.00
Officer
$68,803 $2,730 $71,533
JEREMY GETTIER LEAD BUSINESS REP 40.00
Highest
$116,732 $11,531 $128,263
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 No data No data No data No data
2023 $2,502,065 $2,608,164 $491,354 $-106,099
2022 $2,292,566 $2,745,055 $597,754 $-452,489
2021 $2,318,079 $2,800,328 $1,049,942 $-482,249
2020 $2,287,530 $2,513,113 $1,532,191 $-225,583
2019 $2,640,379 $2,442,680 $1,757,774 $197,699
2018 $2,588,926 $2,331,926 $1,560,075 $257,000
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