INTERNATIONAL BROTHERHOOD OF ELECTRICAL LOCAL UNION NUMBER 175 (EIN 620247236) - 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

1990

Legal Domicile

Principal Officer

ERNEST WATKINS

Phone

4238943557

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL LOCAL UNION NUMBER 175, founded in 1990, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 12% surplus.

Mission

PROMOTE EMPLOYMENT FOR WORKERS IN THE ELECTRICAL CONTRACTING INDUSTRY.

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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 $2,296,540

Program Service Revenue $2,561,487

Investment Income $116,935

Other Revenue $123,845

TOTAL REVENUE $5,098,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,692,842

Fundraising Expenses $0

Program Expenses $3,884,280

Other Expenses $2,803,805

TOTAL EXPENSES $4,496,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,098,807	$4,592,977	+0.1%
Expenses	$4,496,647	$4,011,339	+0.1%
Net Income	$602,160	$581,638	+0.0%

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

3738

Independent Members

3738

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

$729,922

Total Directors

$729,922

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOYLE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN GREEN	TRUSTEE	40.00	Director	$0	$0	$0
ZACHARY PAINTER	CHAIRMAN	1.00	Director	$0	$0	$0
JASON LAYNE	TRUSTEE	1.00	Director	$0	$0	$0
KERRY KNOWLES	SECRETARY	1.00	Officer Director	$0	$0	$0
CALEB LONG	RECORDING SECRETARY	40.00	Officer Director	$142,054	$33,175	$175,229
BRIAN HEISKELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DUANE E EVANS	TREASURER	40.00	Officer Director	$142,054	$33,175	$175,229
ERNEST WATKINS	PRESIDENT	40.00	Officer Director	$142,054	$33,175	$175,229
STERLING SHELTON	BUSINESS MNGR/ FINANCE SEC	40.00	Officer Director	$168,334	$35,901	$204,235
MATTHEW MCCOY	ASST. BUSINESS MGR	40.00	Highest	$142,054	$30,775	$172,829
AMOS RAINS	ASST. BUSINESS MGR	40.00	Highest	$142,054	$30,775	$172,829

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	$5,098,807	$4,496,647	$7,938,341	$602,160
2024	$4,592,977	$4,011,339	$7,272,208	$581,638
2023	$4,210,320	$3,806,165	$6,266,779	$404,155
2022	$4,035,532	$3,822,363	$5,627,102	$213,169
2021	$3,853,895	$3,598,961	$5,627,512	$254,934
2020	$4,244,248	$3,601,541	$5,035,229	$642,707
2019	$4,512,493	$3,978,732	$4,395,583	$533,761

INTERNATIONAL BROTHERHOOD OF ELECTRICAL LOCAL UNION NUMBER 175