IBEW LOCAL UNION 495

EIN: 560227157

WILMINGTON, NC

Total Revenue
$277,433
Total Expenses
$214,400
Total Assets
$85,490
Net Assets
$83,259
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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
NC
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 LOCAL ACTS AS COLLECTIVE BARGAINING AGENT FOR ITS MEMBERS

Program Service Accomplishments

Program 1

The Local Union acted as bargaining agent on behalf of its membership in order to provide jobs

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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%)

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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

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Governance

Voting Members
8
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
5
$84,815
Total Directors
8
$84,815
Key Employees
0
$0
Highest Compensated
0
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
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