SYSTEM COUNCIL U-4 IBEW (EIN 590565475) - 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

1959

Legal Domicile

Principal Officer

RICHARD HILLMAN

Phone

5616242700

Tax Period

2024-01-01 to 2024-12-31

SYSTEM COUNCIL U-4 IBEW, founded in 1959, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 4% surplus.

Mission

THE PROMOTION OF THE GENERAL WELFARE OF THE MEMBERS OF ELEVEN LOCAL UNIONS WHOSE MEMBERS ARE EMPLOYED BY THE FPL COMPANY TO PROVIDE A JOINT AGENCY TO COORDINATE AND FACILITATE THE EFFORTS AND ACTIVITIES OF THE SEVERAL AFFILIATED LOCAL UNIONS.

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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 $0

Program Service Revenue $1,037,811

Investment Income $9,449

Other Revenue $0

TOTAL REVENUE $1,047,260

Expense Breakdown

Grants Paid $29,208

Salaries & Benefits $668,650

Fundraising Expenses $0

Other Expenses $306,974

TOTAL EXPENSES $1,004,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,047,260	$1,015,506	+0.0%
Expenses	$1,004,832	$976,122	+0.0%
Net Income	$42,428	$39,384	+0.1%

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

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

$216,476

Total Directors

$48,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK WILSON	BUSINESS MAN	38.00	Officer	$175,021	$0	$175,021
WENDELL MIXON	ASST. BUSINE	38.00	Highest	$144,983	$0	$144,983
MARK PIERCE	ASST. BUSINE	38.00	Highest	$144,983	$0	$144,983
RICHARD HILLMAN	TREASURER	6.00	Officer Director	$28,905	$0	$28,905
BRITTANY PACKARD	SECRETARY	0.80	Officer Director	$5,466	$0	$5,466
SCOTT RAUCH	PRESIDENT	1.80	Officer Director	$5,047	$0	$5,047
IVAN SORIANO	VICE PRESIDE	0.80	Officer Director	$2,037	$0	$2,037
ROBERT PORTER III	DIRECTOR	0.40	Director	$1,332	$0	$1,332
PHIL DAVIS JR	DIRECTOR	0.40	Director	$901	$0	$901
STEVEN CARROLL	DIRECTOR	0.40	Director	$830	$0	$830
JAMES LEVI	DIRECTOR	0.40	Director	$793	$0	$793
JONATHAN GONZALEZ	DIRECTOR	0.40	Director	$789	$0	$789
TIM KNOX	DIRECTOR	0.40	Director	$420	$0	$420
BRIAN WINER	DIRECTOR	0.40	Director	$416	$0	$416
HECTOR BENAVIDES	DIRECTOR	0.40	Director	$410	$0	$410
TERRY PIKE	DIRECTOR	0.00	Director	$410	$0	$410
JASON HOWARD	DIRECTOR	0.40	Director	$403	$0	$403
KEVIN MUELLER	DIRECTOR	0.40	Director	$400	$0	$400
TOM CONNORS	DIRECTOR	0.00	Director	$390	$0	$390
CHRISTOPHER BOWLES	DIRECTOR	0.40	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	$1,047,260	$1,004,832	$899,494	$42,428
2023	$1,015,506	$976,122	$857,066	$39,384
2022	$1,023,773	$1,051,409	$817,682	$-27,636
2021	$1,002,269	$999,815	$845,318	$2,454
2020	$1,098,889	$913,837	$842,864	$185,052
2019	$1,009,496	$1,090,877	$657,812	$-81,381
2018	$1,057,361	$967,580	$739,193	$89,781

SYSTEM COUNCIL U-4 IBEW