INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LU 379 (EIN 560429515) - 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

1926

Legal Domicile

Principal Officer

LELAND S THROWER

Phone

7044554595

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LU 379, founded in 1926, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 52% operating margin.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,571,483

Investment Income $114,368

Other Revenue $10,536

TOTAL REVENUE $5,696,387

Expense Breakdown

Grants Paid $34,082

Salaries & Benefits $1,397,337

Fundraising Expenses $0

Other Expenses $1,262,019

TOTAL EXPENSES $2,730,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,696,387	$2,905,658	+1.0%
Expenses	$2,730,115	$2,496,647	+0.1%
Net Income	$2,966,272	$409,011	+6.3%

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

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

$587,586

Total Directors

$130,551

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LELAND S THROWER	BUS MGR - FI	40.00	Officer	$97,292	$28,253	$125,545
GLEN SUTHERLAND	EXECUTIVE BO	40.00	Officer Director	$91,160	$26,696	$117,856
EDDIE G BYRAMS	EXAMINING BO	40.00	Officer	$85,033	$26,580	$111,613
DOUGLAS P MCDANIEL	RECORDING SE	40.00	Officer	$83,377	$26,580	$109,957
MICHAEL R ALDORASI	PRESIDENT	40.00	Officer	$81,990	$26,580	$108,570
GILBERT J MCINTYRE	EXECUTIVE BO	2.00	Officer Director	$5,043	$0	$5,043
JOHN K BUTLER	EXECUTIVE BO	2.00	Officer Director	$2,818	$0	$2,818
PATRICK W CURRENCE	EXECUTIVE BO	2.00	Officer Director	$2,451	$0	$2,451
MICHAEL W HILL	EXECUTIVE BO	2.00	Officer Director	$1,582	$0	$1,582
STEVEN MARRERO	EXECUTIVE BO	2.00	Officer Director	$711	$0	$711
DARREN B HELMS	EXAMINING BO	2.00	Officer	$300	$0	$300
JASON A GEORGE	EXAMINING BO	2.00	Officer	$270	$0	$270
DARREN M GRINDSTAFF	TREASURER	2.00	Officer	$270	$0	$270
RICHARD F WARD	EXAMINING BO	2.00	Officer	$270	$0	$270
JAMES R SCHLEGEL	VICE PRESIDE	2.00	Officer	$240	$0	$240
GRADY A DOUGLAS	EXECUTIVE BO	2.00	Officer Director	$90	$0	$90
STEPHEN E IZZI	EXECUTIVE BO	0.00	Officer Director	$0	$0	$0
BEN MOSS	EXAMINING BO	2.00	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
2024	$5,696,387	$2,730,115	$8,158,393	$2,966,272
2023	$2,905,658	$2,496,647	$5,086,097	$409,011
2022	$2,628,167	$2,368,979	$4,606,322	$259,188
2021	$1,989,442	$2,112,983	$4,593,316	$-123,541
2020	$1,988,576	$1,971,031	$4,666,637	$17,545
2019	$2,485,187	$1,976,831	$4,579,691	$508,356
2018	$2,551,158	$1,738,450	$4,002,188	$812,708

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LU 379