International Brotherhood of Electrical Workers Local 606 (EIN 590449789) - 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

1939

Legal Domicile

Principal Officer

Todd Provost

Phone

4078967271

Tax Period

2023-07-01 to 2024-06-30

International Brotherhood of Electrical Workers Local 606, founded in 1939, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $814K, a strong 23% operating margin.

Mission

The Union and its employees work for the benefit of its membership including negotiations of wages, benefits, and working conditions.

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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 $3,159,864

Program Service Revenue $0

Investment Income $259,148

Other Revenue $57,271

TOTAL REVENUE $3,476,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,211,386

Fundraising Expenses $0

Program Expenses $2,662,327

Other Expenses $1,450,941

TOTAL EXPENSES $2,662,327

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,476,283	$2,587,317	+0.3%
Expenses	$2,662,327	$2,191,348	+0.2%
Net Income	$813,956	$395,969	+1.1%

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

N/A

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

$284,509

Total Directors

$96,832

Key Employees

$106,106

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Provost	Business Manager/ Fin Secretary	040.00	Officer Key Emp	$106,106	$0	$106,106
Christopher Harrison	President	040.00	Officer	$101,248	$0	$101,248
Diego Rivera	Examining Board	002.00	Director	$96,832	$0	$96,832
Curtis Bissing	Recording Secretary	040.00	Officer	$77,155	$0	$77,155
Clinton Walker	Executive Board	002.00	Officer Director	$0	$0	$0
Greg Deporter	Executive Board	002.00	Officer Director	$0	$0	$0
Nicholas Erhart	Executive Board	002.00	Officer Director	$0	$0	$0
Clarel Georges	Vice President	002.00	Officer Director	$0	$0	$0
Chris Stump	Executive Board	002.00	Officer Director	$0	$0	$0
Francis Beyhl	Executive Board	002.00	Director	$0	$0	$0
Robert Williams	Examining Board	002.00	Director	$0	$0	$0
Scott Peterson	Treasurer	002.00	Officer 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	No data	No data	No data	No data
2024	$3,476,283	$2,662,327	$5,250,849	$813,956
2023	$2,587,317	$2,191,348	$4,494,979	$395,969
2022	$1,868,634	$1,829,972	$3,075,199	$38,662
2021	$2,024,189	$1,627,659	$3,110,457	$396,530
2020	$2,174,975	$1,961,243	$2,684,334	$213,732
2019	$2,282,633	$1,938,988	$2,470,391	$343,645

International Brotherhood of Electrical Workers Local 606