INTERNATIONAL BROTHERHOOD OF 141- IBEW (EIN 550201589) - 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

Legal Domicile

Principal Officer

DAVID CANTRELL

Phone

3042423870

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF 141- IBEW is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE SAFE WORKING CONDITIONS FOR ALL UNION MEMBERS WORKING IN THE JURISDICTION OF LOCAL 141, AND ALSO TO UNIONIZE OTHER EMPLOYEES SO THEY MAY BE PROVIDED WITH ALL THE RIGHTS AND PRIVLEGES THAT COME WITH UNION MEMBERSHIP

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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 $825,147

Program Service Revenue $0

Investment Income $338,647

Other Revenue $42,931

TOTAL REVENUE $1,206,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $751,451

Fundraising Expenses $0

Other Expenses $597,524

TOTAL EXPENSES $1,348,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,206,725	$1,311,421	-0.1%
Expenses	$1,348,975	$1,309,398	+0.0%
Net Income	$-142,250	$2,023	-71.3%

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

347

Independent Members

347

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

$318,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN GIFFIN	BUSINESS MAN	40.00	Officer	$131,900	$31,889	$163,789
DANIEL MORRIS	ORGANIZER	40.00	Officer	$101,174	$25,555	$126,729
DAVID CANTRELL	PRESIDENT	8.00	Officer	$20,418	$0	$20,418
KURT REED	TREASURER	2.00	Officer	$4,348	$0	$4,348
JOSEPH F WYCHERLEY	RECORDING SE	2.00	Officer	$3,588	$0	$3,588

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	$1,206,725	$1,348,975	$3,784,967	$-142,250
2023	$1,311,421	$1,309,398	$3,913,808	$2,023
2022	$384,905	$1,710,740	$3,935,009	$-1,325,835
2021	$905,414	$1,206,781	$5,237,378	$-301,367
2020	$1,543,028	$1,138,550	$5,513,325	$404,478

INTERNATIONAL BROTHERHOOD OF 141- IBEW