INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (LOCAL 824) (EIN 590998568) - 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

1963

Legal Domicile

Principal Officer

KEITH LAPLANT

Phone

8136265136

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (LOCAL 824), founded in 1963, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year.

Mission

LABOR UNION - FOR MEMBERS BENEFIT REPRESENTING MEMBERS RIGHTS AND WELL BEING IN LABOR RELATIONS & THE WORK ENVIORNMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,007,879

Investment Income $1,641

Other Revenue $13,094

TOTAL REVENUE $1,022,614

Expense Breakdown

Grants Paid $100

Salaries & Benefits $650,464

Fundraising Expenses $0

Other Expenses $457,271

TOTAL EXPENSES $1,107,835

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,022,614	$1,272,007	-0.2%
Expenses	$1,107,835	$1,220,145	-0.1%
Net Income	$-85,221	$51,862	-2.6%

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

1099

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

Total Directors

$493,206

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH LAPLANT	PRESIDENT	40.00	Director	$20,957	$0	$20,957
MELISSA BRASWELL	RECORDING SEC.	40.00	Director	$11,650	$0	$11,650
ROBERT WISHER	VICE PRES.	40.00	Director	$878	$0	$878
CHRIS REGALDO	BD MEMBER	5.00	Director	$2,796	$0	$2,796
JOSHUA SALADINO	BUS MGR, SECRETARY	40.00	Director	$128,056	$0	$128,056
CHARLOTTE HOWELL	BD MEMBER	5.00	Director	$0	$0	$0
WINDY PRATA	BD MEMBER	5.00	Director	$0	$0	$0
JUSTIN HORNE	TREASURER	40.00	Director	$14,018	$0	$14,018
BELINA RIFFENBURG	BD MEMBER	5.00	Director	$763	$0	$763
JIM EMMINGER	BD MEMBER	5.00	Director	$870	$0	$870
CHRIS HUTCHINSON	BD MEMBER	5.00	Director	$80	$0	$80
JOHN MARK SUNDAY	BD MEMBER	5.00	Director	$0	$0	$0
NICK MUNCY	BD MEMBER	5.00	Director	$879	$0	$879
DANIEL WAGNER	STAFF	40.00	Director	$108,035	$0	$108,035
JOHN GYLE	STAFF	40.00	Director	$102,033	$0	$102,033
TODD BOLICK	STAFF	40.00	Director	$102,191	$0	$102,191

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	$1,022,614	$1,107,835	$295,424	$-85,221
2024	$1,272,007	$1,220,145	$549,632	$51,862
2023	$1,413,251	$1,356,160	$496,453	$57,091
2022	$1,255,662	$1,330,777	$437,888	$-75,115
2021	$1,204,587	$1,387,531	$485,445	$-182,944
2020	$1,351,865	$1,329,667	$668,389	$22,198
2019	$1,408,979	$1,671,235	$646,191	$-262,256

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (LOCAL 824)