INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 443 (EIN 630108362) - 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

1967

Legal Domicile

Principal Officer

JAMES B CARDWELL

Phone

3342728830

Tax Period

2022-07-01 to 2023-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 443, founded in 1967, is a small nonprofit that reported $446K in total revenue in fiscal year 2018. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $557K exceeded revenue, resulting in a 25% operating deficit.

Mission

ORGANIZATION & REPRESENTATION OF THE LOCAL'S MEMBERS IN THE ELECTRICAL TRADE.

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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 $0

Program Service Revenue $759,960

Investment Income $3,629

Other Revenue $-30,942

TOTAL REVENUE $732,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,395

Fundraising Expenses $0

Other Expenses $396,656

TOTAL EXPENSES $809,051

Year-over-Year Comparison

	2022	2021	Change
Revenue	$732,647	$645,431	+0.1%
Expenses	$809,051	$688,757	+0.2%
Net Income	$-76,404	$-43,326	+0.8%

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

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

$2,580

Total Directors

$340,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SMITHERMAN	PRESIDENT	1.00	Officer Director	$1,260	$0	$1,260
JAMES DAVIS	EXECUTIVE BOARD	1.00	Director	$870	$0	$870
JAMES B CARDWELL	ASST. BUSINESS MGR./SEC	40.00	Director	$91,575	$27,311	$129,308
JONATHAN BLACKERBY	EXECUTIVE BOARD	1.00	Director	$120	$0	$120
HERMAN BAYLESS	RECORDING SECRETARY	40.00	Director	$54,984	$27,311	$88,520
JEFFERY B CHANDLER	EXECUTIVE BOARD	1.00	Director	$660	$0	$660
JAMES D HORNSBY	BUS MGR/ FIN SEC	40.00	Director	$88,240	$24,958	$117,975
RONALD WALTERS	VICE PRESIDENT	1.00	Officer Director	$600	$0	$600
ANTHONY TAYLOR	TREASURER	1.00	Officer Director	$720	$0	$720
COREY SPRINGS	PRO TEM	1.00	Director	$60	$0	$60
RICHARD HALL	PRO TEM	1.00	Director	$60	$0	$60
JUSTIN WARD	EXECUTIVE BOARD	1.00	Director	$540	$0	$540

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	No data	No data	No data	No data
2023	$732,647	$809,051	$1,727,306	$-76,404
2022	$645,431	$688,757	$1,802,988	$-43,326
2021	$862,758	$600,813	$1,845,578	$261,945
2020	$544,155	$578,198	$1,583,555	$-34,043
2019	$445,745	$556,718	$1,618,721	$-110,973

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS - LOCAL 443