BROTHERHOOD OF ELECTRICAL WORKERS INC (EIN 590583593) - 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

1947

Legal Domicile

Principal Officer

BRIAN RAPPAPORT

Phone

3053251330

Tax Period

2023-10-01 to 2024-09-30

BROTHERHOOD OF ELECTRICAL WORKERS INC, founded in 1947, is a small nonprofit that reported $183K in total revenue in fiscal year 2023. Expenses of $236K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO MAINTAIN OWNERSHIP OF REAL PROPERTY, USED TO CARRY OUT LABOR UNION ACTIVITIES IN THE OPERATION OF LOCAL UNION 349 AND OTHER AFFILIATED ENTITIES.

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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 $420

Program Service Revenue $182,313

Investment Income $0

Other Revenue $0

TOTAL REVENUE $182,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $236,237

TOTAL EXPENSES $236,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,733	$184,852	0.0%
Expenses	$236,237	$226,083	+0.0%
Net Income	$-53,504	$-41,231	+0.3%

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

N/A

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

$271,813

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RILEY	FINANCIAL SE	1.00	Officer Director	$0	$37,857	$211,893
CHRISTOPHER SIMPSON	VICE PRESIDE	1.00	Officer Director	$0	$10,643	$51,649
BRIAN RAPPAPORT	PRESIDENT	1.00	Officer Director	$0	$409	$6,681
MICHAEL HENNINGS	TREASURER	1.00	Officer Director	$0	$0	$1,500
KRISHNA BECKFORD	EXECUTIVE BO	1.00	Officer Director	$0	$0	$90

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	$182,733	$236,237	$517,489	$-53,504
2023	$184,852	$226,083	$568,628	$-41,231
2022	$200,257	$227,136	$608,074	$-26,879
2021	$185,263	$136,101	$636,282	$49,162
2020	$193,832	$187,472	$573,618	$6,360
2019	$200,536	$200,955	$570,227	$-419
2018	$284,976	$179,581	$570,587	$105,395

BROTHERHOOD OF ELECTRICAL WORKERS INC