INTERNATIONAL BROTHERHOOD OF 962 IBEW

EIN: 560476889

GREENSBORO, NC

Total Revenue
$317,876
Total Expenses
$328,741
Total Assets
$366,001
Net Assets
$243,552
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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
TERRY W WILLIAMS
Phone
3362746826
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF 962 IBEW, founded in 1937, is a small nonprofit that reported $318K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

ORGANIZE WORKERS, SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION NEGOTIATIONS AND COLLECTIVE BARGAINING FOR 639 MEMBERS.

Program Service Accomplishments

Program 1

ORGANIZE WORKERS, SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION NEGOTIATIONS AND COLLECTIVE BARGANING FOR 639 MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $317,792
Investment Income $42
Other Revenue $42
TOTAL REVENUE $317,876

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $78,684
Fundraising Expenses $0
Other Expenses $249,057
TOTAL EXPENSES $328,741

Year-over-Year Comparison

2024 2023 Change
Revenue $317,876 $352,054 -0.1%
Expenses $328,741 $372,642 -0.1%
Net Income $-10,865 $-20,588 -0.5%
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
639
Independent Members
N/A
Employees
9
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
11
$58,226
Total Directors
11
$58,226
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLARENCE BELL PRESIDENT 1.00
Officer Director
$3,508 $0 $3,508
TERRY W WILLIAMS BUS MGR FIN 15.00
Officer Director
$44,967 $0 $44,967
RICKY SAIN EXEC BOARD 1.00
Officer Director
$5,474 $0 $5,474
BARRY NORRIS TREASURER 1.00
Officer Director
$0 $0 $0
TYLER MANICK RECORDING SE 1.00
Officer Director
$1,448 $0 $1,448
ERIC MELTON EXEC BAORD 1.00
Officer Director
$291 $0 $291
MIKE OATES EXEC BOARD 1.00
Officer Director
$0 $0 $0
JEFF EDWARDS EXEC BOARD 1.00
Officer Director
$1,564 $0 $1,564
JAY BAGWELL EXEC BOARD 1.00
Officer Director
$742 $0 $742
ADAM HAWKINS EXEC BOARD 1.00
Officer Director
$0 $0 $0
JORDAN HENDERSON EXEC BOARD 1.00
Officer Director
$232 $0 $232
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 $317,876 $328,741 $366,001 $-10,865
2024 $352,054 $372,642 $364,170 $-20,588
2023 $276,690 $276,001 $370,517 $689
2022 $249,006 $214,960 $355,631 $34,046
2021 $257,199 $203,742 $300,098 $53,457
2020 $289,480 $192,322 $240,229 $97,158
2019 $229,396 $192,016 $144,492 $37,380
2018 $210,130 $164,951 $105,270 $45,179
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