INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO238 (EIN 560499642) - 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

1997

Legal Domicile

Principal Officer

RICHARD T SLUDER JR

Phone

8286654239

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO238, founded in 1997, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 241% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 63% operating margin.

Mission

LABOR UNION FOR ELECTRICAL WORKERS

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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 $1,660,251

Investment Income $26,901

Other Revenue $99,407

TOTAL REVENUE $1,786,559

Expense Breakdown

Grants Paid $8,843

Salaries & Benefits $396,621

Fundraising Expenses $0

Other Expenses $257,301

TOTAL EXPENSES $662,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,786,559	$523,722	+2.4%
Expenses	$662,765	$573,517	+0.2%
Net Income	$1,123,794	$-49,795	-23.6%

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

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

$108,785

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD T SLUDER JR	BUS MGR / FIN SECRETARY	55.00	Officer	$78,758	$30,027	$108,785
WILLIE J MOORE	PRESIDENT	2.00	Officer	$0	$0	$0
KENNETH D FRISBEE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MICHAEL J MUNSON JR	TREASURER	2.00	Officer	$0	$0	$0
KACEE M WILLIAMS	RECORDING SECRETARY	2.00	Officer	$0	$0	$0
PHILLIP J PRZYBYLSKI	EXECUTIVE BOARD	2.00	Officer	$0	$0	$0
ANDREW WAGLEY	EXECUTIVE BOARD	2.00	Officer	$0	$0	$0
THOMAS DOYLE	EXECUTIVE BOARD	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
2025	$1,786,559	$662,765	$2,464,292	$1,123,794
2024	$523,722	$573,517	$1,359,849	$-49,795
2023	$510,114	$506,814	$1,390,958	$3,300
2022	$592,592	$530,823	$1,566,000	$61,769
2021	$756,806	$541,720	$1,520,703	$215,086
2020	$575,184	$528,705	$1,320,335	$46,479
2019	$552,499	$414,433	$1,279,485	$138,066

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO238