INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 342 (EIN 561580865) - 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

1987

Legal Domicile

Principal Officer

ALVIN WARWICK

Phone

3362857781

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 342, founded in 1987, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 201% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 71% operating margin.

Mission

LABOR UNION REPRESENTING THE ELECTRICAL WORKER FORCE

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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 $4,830,918

Program Service Revenue $249,325

Investment Income $89,959

Other Revenue $12,109

TOTAL REVENUE $5,182,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $702,877

Fundraising Expenses $0

Program Expenses $1,061,363

Other Expenses $774,287

TOTAL EXPENSES $1,477,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,182,311	$1,718,948	+2.0%
Expenses	$1,477,164	$647,841	+1.3%
Net Income	$3,705,147	$1,071,107	+2.5%

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

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

$309,225

Total Directors

$2,173

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVIN WARWICK	BUSINESS MFG	40.00	Officer	$120,297	$0	$120,297
DAN POST	PRESIDENT	N/A	Officer	$101,539	$0	$101,539
TARAN HAMILL	TREASURER	N/A	Officer	$87,389	$0	$87,389
ALLEN FARLOW	EXECUTIVE BO	N/A	Director	$2,173	$0	$2,173
JARED COMPTON	EXECUTIVE BO	N/A	Director	$0	$0	$0
MATT GARKOVICH	EXECUTIVE BO	N/A	Director	$0	$0	$0
TIM GRIFFEY	EXECUTIVE BO	N/A	Director	$0	$0	$0
RAY ROBERTS	EXEC BOARD/C	N/A	Director	$0	$0	$0
MAURICE ROBINSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
DENNIS WILLIAMS	RECORDING SE	N/A	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	$5,182,311	$1,477,164	$4,786,439	$3,705,147
2024	$1,718,948	$647,841	$1,074,171	$1,071,107
2023	$462,780	$493,124	$154,710	$-30,344
2022	$346,524	$482,611	$186,054	$-136,087
2020	$232,037	$434,363	$358,483	$-202,326
2019	$608,384	$400,492	$388,530	$207,892

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 342