INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (EIN 620785953) - 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

1891

Legal Domicile

Principal Officer

Tom Owens

Phone

4236672011

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, founded in 1891, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 21% operating margin.

Mission

Representation and service of 29 Local Unions comprised of 1516 members of the International Brotherhood of Electrical Workers (IBEW).

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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 $1,019,882

Program Service Revenue $0

Investment Income $4,056

Other Revenue $0

TOTAL REVENUE $1,023,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $631,081

Fundraising Expenses $0

Program Expenses $0

Other Expenses $174,647

TOTAL EXPENSES $805,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,023,938	$786,040	+0.3%
Expenses	$805,728	$740,993	+0.1%
Net Income	$218,210	$45,047	+3.8%

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

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

$454,535

Total Directors

Key Employees

$22,753

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JT Owens	General Chairman	50	Officer	$135,093	$29,436	$164,529
SL Spotswood	Vice General Chairman	50	Officer	$108,865	$29,196	$138,061
Justin Richardson	Assistant General Chairman	50	Officer	$99,979	$29,376	$129,355
JM Stacks	Secretary Treasurer	15	Officer	$22,590	$0	$22,590
William Horvath	Assistant General Chairman	2	Key Emp	$10,751	$0	$10,751
Adam Slye	Assistant General Chairman	2	Key Emp	$10,694	$0	$10,694
Mark Price	Assistant General Chairman	2	Key Emp	$1,308	$0	$1,308

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	No data	No data	No data	No data
2024	$1,023,938	$805,728	$1,493,226	$218,210
2023	$786,040	$740,993	$1,275,016	$45,047
2022	$738,385	$622,336	$1,229,969	$116,049
2021	$394,774	$529,741	$1,113,920	$-134,967
2020	$370,625	$416,328	$965,760	$-45,703

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS