INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LU 553 (EIN 560224088) - 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

1961

Legal Domicile

Principal Officer

WALTER R AXFORD

Phone

9193235570

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LU 553, founded in 1961, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

LABOR ORGANIZATION

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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 $20,000

Program Service Revenue $1,169,452

Investment Income $23,398

Other Revenue $16,292

TOTAL REVENUE $1,229,142

Expense Breakdown

Grants Paid $7,262

Salaries & Benefits $620,530

Fundraising Expenses $0

Other Expenses $662,403

TOTAL EXPENSES $1,308,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,229,142	$1,311,573	-0.1%
Expenses	$1,308,695	$1,215,886	+0.1%
Net Income	$-79,553	$95,687	-1.8%

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

$269,263

Total Directors

$145,681

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER R AXFORD	BUS AGT/FIN	40.00	Officer	$95,428	$26,921	$122,349
JAMES POPLIN	PRESIDENT	40.00	Officer Director	$70,079	$24,873	$94,952
JESSE BOWE	EXECUTIVE BO	40.00	Officer Director	$37,722	$12,647	$50,369
RICARDO QUERY	PAST EXECUTI	1.00	Officer	$0	$449	$449
MARCO CABRERA	RECORDING SE	1.00	Officer	$0	$384	$384
MATTHEW MCCOMAS	EXECUTIVE BO	1.00	Officer Director	$0	$220	$220
BRIAN PFENDLER	TREASURER	1.00	Officer	$0	$180	$180
EZRA BYRD	EXECUTIVE BO	1.00	Officer	$0	$160	$160
NICHOLAS ROOSE	EXECUTIVE BO	1.00	Officer Director	$0	$140	$140
HENRY CONCUBIERTA	VICE PRESIDE	1.00	Officer	$0	$60	$60
BRANDON WESLEY	RECORDING SE	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,229,142	$1,308,695	$2,342,798	$-79,553
2022	$1,311,573	$1,215,886	$2,417,928	$95,687
2021	$885,213	$850,827	$2,287,465	$34,386
2020	$888,745	$737,402	$2,245,821	$151,343
2019	$1,242,145	$672,620	$2,083,222	$569,525
2018	$1,288,834	$536,682	$1,501,514	$752,152

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LU 553