ELECTRICAL WORKERS LOCAL #369 IBEW (EIN 610235275) - 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

1911

Legal Domicile

Principal Officer

EDWARD DEVINE IV

Phone

5023682568

Tax Period

2024-01-01 to 2024-12-31

ELECTRICAL WORKERS LOCAL #369 IBEW, founded in 1911, is a mid-sized nonprofit that reported $16.3M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 56% operating margin.

Mission

LABOR UNION

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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 $91,626

Program Service Revenue $15,921,055

Investment Income $241,275

Other Revenue $0

TOTAL REVENUE $16,253,956

Expense Breakdown

Grants Paid $1,796,054

Salaries & Benefits $2,747,177

Fundraising Expenses $0

Other Expenses $2,663,276

TOTAL EXPENSES $7,206,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,253,956	$10,059,161	+0.6%
Expenses	$7,206,507	$8,031,197	-0.1%
Net Income	$9,047,449	$2,027,964	+3.5%

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

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

$436,966

Total Directors

$2,179

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEE BABIAK	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN VAN ARSDALE	DIRECTOR	2.00	Director	$0	$0	$0
GREG MUDD	DIRECTOR	2.00	Director	$0	$0	$0
RICK FOX	DIRECTOR	2.00	Director	$0	$0	$0
CODY WEST	DIRECTOR	2.00	Director	$1,455	$724	$2,179
KEITH GREENWELL	DIRECTOR	2.00	Director	$0	$0	$0
GRANT MEDLEY	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD DEVINE IV	BUSINESS MGR	40.00	Officer	$115,886	$54,227	$170,113
STEVE PETERS	PRESIDENT	40.00	Officer	$85,112	$37,050	$122,162
BRYAN THOMPSON	VICE PRESIDENT	2.00	Officer	$1,682	$867	$2,549
RONALD E GRESHAM JR	TREASURER - ASST BA	40.00	Officer	$96,572	$45,570	$142,142
STEVEN SEXTON	SECRETARY	2.00	Officer	$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	$16,253,956	$7,206,507	$19,883,865	$9,047,449
2023	$10,059,161	$8,031,197	$8,393,962	$2,027,964
2022	$6,841,767	$6,510,672	$6,512,439	$331,095
2021	$6,543,241	$6,015,334	$6,038,920	$527,907
2020	$5,172,204	$5,086,011	$5,701,752	$86,193
2019	$6,186,060	$6,255,036	$5,727,242	$-68,976
2018	$5,896,849	$5,667,417	$5,629,774	$229,432

ELECTRICAL WORKERS LOCAL #369 IBEW