INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS LOCAL 359 (EIN 590534590) - 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

1941

Legal Domicile

Principal Officer

IVAN SORIANO

Phone

3052611490

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS LOCAL 359, founded in 1941, is a small nonprofit that reported $792K in total revenue in fiscal year 2023. Expenses of $719K left a modest 9% surplus.

Mission

TO SERVE AS THE EXAMPLE OF PROFESSIONALISM, VERSATILITY, ADAPTABILITY, GROWTH AND CRAFTSMANSHIP. WHILE WE PROVIDE THE HIGHEST QUALITY SERVICE TO ELEVATE THE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS OF OUR MEMBERS.

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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 $784,488

Investment Income $7,714

Other Revenue $0

TOTAL REVENUE $792,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,125

Fundraising Expenses $0

Other Expenses $609,774

TOTAL EXPENSES $718,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$792,202	$763,451	+0.0%
Expenses	$718,899	$778,486	-0.1%
Net Income	$73,303	$-15,035	-5.9%

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

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

$58,062

Total Directors

$76,792

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVAN SORIANO	PRESIDENT	10.00	Officer Director	$19,029	$0	$19,029
JONATHAN GONZALEZ	VICE-PRESIDE	10.00	Officer Director	$8,551	$0	$8,551
WALTER H LAMB	TREASURER	10.00	Officer Director	$18,419	$0	$18,419
KHRISTAL HUNTER	FINANCIAL SE	10.00	Officer Director	$11,283	$0	$11,283
MARC-LAND CHRISPIN	DIRECTOR	3.00	Director	$2,341	$0	$2,341
SAMUEL JACKSON	DIRECTOR	3.00	Director	$4,683	$0	$4,683
ESUEBIO MORALES	DIRECTOR	3.00	Director	$2,341	$0	$2,341
JOSE LANDRIAN III	DIRECTOR	3.00	Director	$4,683	$0	$4,683
CHRIS D PARIS	DIRECTOR	3.00	Director	$2,341	$0	$2,341
ANTHONY RAMIREZ	DIRECTOR	3.00	Director	$2,341	$0	$2,341
ANTONIO R PICALLO	RECORDING SE	10.00	Officer Director	$780	$0	$780

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	No data	No data	No data	No data
2023	$792,202	$718,899	$684,704	$73,303
2022	$763,451	$778,486	$698,793	$-15,035
2021	$762,872	$657,771	$747,907	$105,101
2020	$763,635	$885,213	$584,895	$-121,578
2019	$772,327	$759,423	$645,581	$12,904
2018	$765,713	$718,404	$573,588	$47,309

INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS LOCAL 359