INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 349 (EIN 590232530) - 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

1904

Legal Domicile

Phone

3053251333

Tax Period

2023-10-01 to 2024-09-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 349, founded in 1904, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

MAINTAIN LABOR RELATIONS AND PROMOTE THE INTEREST OF ITS MEMBERS IN THEIR EMPLOYMENT AS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,577,238

Investment Income $770

Other Revenue $19,353

TOTAL REVENUE $2,597,361

Expense Breakdown

Grants Paid $36,409

Salaries & Benefits $1,149,837

Fundraising Expenses $0

Other Expenses $1,431,952

TOTAL EXPENSES $2,618,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,597,361	$2,238,688	+0.2%
Expenses	$2,618,652	$2,621,925	0.0%
Net Income	$-21,291	$-383,237	-0.9%

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

$271,813

Total Directors

$272,053

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RILEY	BUS. MAN./FI	40.00	Officer Director	$174,036	$37,857	$211,893
ROCE SIMPSON	ASSISTANT MA	40.00	Highest	$141,456	$33,880	$175,336
ADRIAN LLANES	ASSISTANT MA	40.00	Highest	$125,953	$32,319	$158,272
CHRISTOPHER SIMPSON	VICE PRESIDE	1.00	Officer Director	$41,006	$10,643	$51,649
N/A	PRESIDENT	10.00	Officer Director	$6,272	$409	$6,681
MICHAEL HENNINGS	TREASURER	1.00	Officer Director	$1,500	$0	$1,500
KRISHNA BECKFORD	EXEC. BOARD/	1.00	Officer Director	$90	$0	$90
PAUL GANNETT	EXEC. BOARD/	1.00	Director	$90	$0	$90
KENNETH FENNELL	EXECUTIVE BO	1.00	Director	$50	$0	$50
MANNY CELDRAN	WELFARE BOAR	1.00	Director	$30	$0	$30
JAMES NAEGELY	WELFARE BOAR	1.00	Director	$30	$0	$30
LOUIS BUI	WELFARE BOAR	1.00	Director	$20	$0	$20
DANIEL YOHAM	WELFARE BOAR	1.00	Director	$20	$0	$20
MARCOS GONZALEZ	RECORDING SE	1.00	Officer Director	$0	$0	$0
JEFF LE DROUX JR	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
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