INT BRO OF ELECTRICAL WORKERS LOCAL 505 (EIN 630108357) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

FRANK EVERETT

Phone

2514760275

Tax Period

2022-07-01 to 2023-06-30

Int Bro of Electrical Workers Local 505, founded in 1937, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $399K, a strong 35% operating margin.

Mission

LABOR UNION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,122,977

Program Service Revenue $0

Investment Income $6,608

Other Revenue $34,712

TOTAL REVENUE $1,164,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $340,057

Fundraising Expenses $0

Program Expenses $773,982

Other Expenses $433,925

TOTAL EXPENSES $773,982

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,164,297	$825,052	+0.4%
Expenses	$773,982	$818,115	-0.1%
Net Income	$390,315	$6,937	+55.3%

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

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

$82,746

Total Directors

$90,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BUNKLEY	EXEC BOARD/ ORGAINZER	40.00	Director	$76,124	$0	$76,124
JEREMY BOOTH	EXECUTIVE BOARD	30.00	Director	$14,776	$0	$14,776
JOHN VEREEN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
WILLIAM LEBEAUX	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MICHAEL GREGORY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JEREMY WEAVER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
FRANK EVERETT	BUS MGR/ FIN/SEC	40.00	Officer	$82,746	$0	$82,746
FREDERICK MOORE	PRESIDENT	10.00	Officer	$0	$0	$0
JAMES KIPER JR	VICE PRESIDENT	2.00	Officer	$0	$0	$0
WILLIAM TEAT	RECORDING SEC	2.00	Officer	$0	$0	$0
RANDALL LASSITER	TREASURER	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
2023	$1,164,297	$773,982	$1,958,476	$390,315
2022	$825,052	$818,115	$1,578,624	$6,937
2021	$706,152	$795,746	$1,563,018	$-89,594
2020	$832,194	$776,164	$1,654,831	$56,030
2019	$1,143,116	$743,724	$1,596,850	$399,392

INT BRO OF ELECTRICAL WORKERS LOCAL 505