INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS L U #1579 (EIN 580537573) - 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

1948

Legal Domicile

Principal Officer

ROBERT M GREENE

Phone

7067226357

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS L U #1579, founded in 1948, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $972K, a strong 31% operating margin.

Mission

TO PROVIDE SERVICE ASSISTANCE TO THE MEMBERSHIP

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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 $548,856

Program Service Revenue $1,382,875

Investment Income $1,204,660

Other Revenue $0

TOTAL REVENUE $3,136,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,461

Fundraising Expenses $0

Program Expenses $60,540

Other Expenses $1,372,012

TOTAL EXPENSES $2,164,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,136,391	$5,871,685	-0.5%
Expenses	$2,164,013	$2,860,391	-0.2%
Net Income	$972,378	$3,011,294	-0.7%

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

$108,218

Total Directors

Key Employees

$135,695

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BUS MANAGER	050.00	Key Emp	$135,695	$0	$135,695
N/A	PREPSIDENT	050.00	Officer	$108,218	$0	$108,218
N/A	VICE PRES	002.00	Officer	$0	$0	$0
N/A	RECORD SECTY	002.00	Officer	$0	$0	$0
N/A	SECTY/TREAS	002.00	Officer	$0	$0	$0
N/A	EXEC BOARD	002.00	Officer	$0	$0	$0
N/A	EXEC BOARD	002.00	Officer	$0	$0	$0
N/A	EXEC BOARD	002.00	Officer	$0	$0	$0
N/A	EXEC BOARD	002.00	Officer	$0	$0	$0
N/A	EXEC BOARD	002.00	Officer	$0	$0	$0
N/A	EXEC BOARD	002.00	Officer	$0	$0	$0
N/A	EXEC BOARD	002.00	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	$3,136,391	$2,164,013	$28,851,598	$972,378
2023	$5,790,455	$2,860,391	$32,912,340	$2,930,064
2022	$10,011,940	$2,279,353	$36,666,319	$7,732,587
2021	$9,121,922	$2,136,985	$28,926,065	$6,984,937
2020	$7,202,827	$1,893,727	$21,928,035	$5,309,100
2019	$5,488,936	$1,965,262	$16,602,929	$3,523,674
2018	$2,671,408	$1,837,954	$13,061,791	$833,454

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS L U #1579