LOCAL 345 IBEW (EIN 630481560) - 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

1940

Legal Domicile

Principal Officer

MICHAEL MCKEEVER

Phone

2516809300

Tax Period

2025-01-01 to 2025-12-31

LOCAL 345 IBEW, founded in 1940, is a small nonprofit that reported $206K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $265K exceeded revenue, resulting in a 29% operating deficit.

Mission

UNION THAT REPRESENTS ELECTRICAL WORKERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $236,893

Program Service Revenue $0

Investment Income $11,972

Other Revenue $0

TOTAL REVENUE $248,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,773

Fundraising Expenses $0

Program Expenses $259,710

Other Expenses $236,937

TOTAL EXPENSES $259,710

Year-over-Year Comparison

	2025	2024	Change
Revenue	$248,865	$215,527	+0.2%
Expenses	$259,710	$232,496	+0.1%
Net Income	$-10,845	$-16,969	-0.4%

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

$21,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCKEEVER	PRESIDENT	1.00	Officer	$7,200	$0	$7,200
STEVEN KNIGHTEN	VICE PRESIDE	1.00	Officer	$3,850	$0	$3,850
TYLER WILLIAMS	RECORDING SE	1.00	Officer	$2,100	$0	$2,100
DANIEL PLEDGER	TREASURER	1.00	Officer	$2,100	$0	$2,100
RONNIE RICHARDSON	FINANCIAL SE	1.00	Officer	$1,800	$0	$1,800
JEREMY WEBB	FINANCIAL SE	1.00	Officer	$3,600	$0	$3,600
DAVID TURNER	VICE PRESIDE	1.00	Officer	$350	$0	$350

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	$248,865	$259,710	$199,058	$-10,845
2024	$215,527	$232,496	$209,903	$-16,969
2023	$231,981	$198,025	$226,873	$33,956
2022	$205,510	$264,720	$192,943	$-59,210

LOCAL 345 IBEW