INTERNATIONAL BROTHERHOOD OF ELECT… - Form 990 Financial Data

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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

1904

Legal Domicile

Principal Officer

KRISHNA BECKFORD

Phone

3053251333

Tax Period

2024-10-01 to 2025-09-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 349, founded in 1904, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

MAINTAIN LABOR RELATIONS AND PROMOTE THE INTEREST OF ITS MEMBERS IN THEIR EMPLOYMENT AS ELECTRICAL WORKERS.

Program Service Accomplishments

Program 1

N/A

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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 $10,000

Program Service Revenue $2,901,779

Investment Income $1,940

Other Revenue $32,613

TOTAL REVENUE $2,946,332

Expense Breakdown

Grants Paid $32,940

Salaries & Benefits $1,343,306

Fundraising Expenses $0

Other Expenses $1,560,441

TOTAL EXPENSES $2,937,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,946,332	$2,597,361	+0.1%
Expenses	$2,937,688	$2,618,652	+0.1%
Net Income	$8,644	$-21,291	-1.4%

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

$137,276

Total Directors

$137,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN LLANES	ASSISTANT MA	40.00	Highest	$132,648	$34,730	$167,378
WILLIAM RILEY	FMR. BUSINES	30.00		$134,733	$30,009	$164,742
CHRISTOPHER SIMPSON	BUS. MGR./FI	40.00	Officer Director	$108,501	$26,012	$134,513
ROCE SIMPSON	FMR. ASSISTA	30.00		$104,925	$26,626	$131,551
MICHAEL HENNINGS	TREASURER	1.00	Officer Director	$2,227	$96	$2,323
KRISHNA BECKFORD	PRESIDENT	10.00	Officer Director	$230	$0	$230
KENNETH FENNELL	EXECUTIVE BO	1.00	Director	$230	$0	$230
PAUL GANNETT	VICE PRESIDE	1.00	Officer Director	$210	$0	$210
LOUIS BUI	WELFARE BOAR	1.00	Director	$80	$0	$80
JAMES NAEGELY	WELFARE BOAR	1.00	Director	$70	$0	$70
MANUEL CELDRAN	WELFARE BOAR	1.00	Director	$60	$0	$60
JEFFREY LE DEROUX	EXECUTIVE BO	1.00	Director	$50	$0	$50
MATTHEW AGOSTINI	EXECUTIVE BO	1.00	Director	$30	$0	$30
JERRY STRICKER	EXECUTIVE BO	1.00	Director	$30	$0	$30
JAVIER SAN PEDRO	EXECUTIVE BO	1.00	Director	$20	$0	$20
DANIEL YOHAM	WELFARE BOAR	1.00	Director	$10	$0	$10
MARCOS GONZALEZ	RECORDING SE	1.00	Director	$0	$0	$0
PETE GRIMM	WELFARE BOAR	1.00	Director	$0	$0	$0
SERGIO MAYOR	EXECUTIVE BO	1.00	Director	$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	$2,946,332	$2,937,688	$2,703,203	$8,644
2024	$2,597,361	$2,618,652	$2,691,971	$-21,291
2023	$2,238,688	$2,621,925	$2,712,029	$-383,237
2023	$2,238,688	$2,621,925	$2,712,029	$-383,237
2022	$1,907,985	$2,427,118	$3,092,829	$-519,133
2021	$2,012,449	$2,359,564	$3,610,925	$-347,115
2020	$2,495,078	$2,294,579	$3,933,133	$200,499
2019	$2,490,205	$2,352,621	$3,734,143	$137,584
2018	$2,432,677	$2,402,449	$3,593,988	$30,228

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 349