IBEW LOCAL UNION 495 (EIN 560227157) - 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

1937

Legal Domicile

Principal Officer

EARL V MUMFORD

Phone

9106608630

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL UNION 495, founded in 1937, is a small nonprofit that reported $277K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 23% operating margin.

Mission

The Exempt purpose of the Union is to act a bargaining agent on behalf of its 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 (2023)

Revenue Breakdown

Contributions & Grants $220,805

Program Service Revenue $0

Investment Income $0

Other Revenue $56,628

TOTAL REVENUE $277,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,502

Fundraising Expenses $0

Other Expenses $97,898

TOTAL EXPENSES $214,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,433	$134,657	+1.1%
Expenses	$214,400	$249,814	-0.1%
Net Income	$63,033	$-115,157	-1.5%

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

N/A

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

$84,815

Total Directors

$84,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MONK	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOE MOORE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MARCUS B WELLS	TREASURER	40.00	Officer Director	$0	$0	$0
EARL V MUMFORD	BUSINESS MANAGER	40.00	Officer Director	$81,997	$0	$81,997
SCOTT KING	RECORDING SECRETARY	10.00	Officer Director	$2,818	$0	$2,818
MARK FOREMAN	BOARD MEMBER	10.00	Director	$0	$0	$0
WILLIAM KLARICH	BOARD MEMBER	10.00	Director	$0	$0	$0
STEVIE KEEN	BOARD MEMBER	10.00	Director	$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	No data	No data	No data	No data
2023	$277,433	$214,400	$85,490	$63,033
2022	$134,657	$249,814	$21,514	$-115,157
2021	$97,329	$316,696	$138,699	$-219,367
2020	$122,242	$322,386	$357,703	$-200,144
2019	$224,129	$318,046	$558,737	$-93,917
2018	$698,294	$242,717	$650,218	$455,577

IBEW LOCAL UNION 495