INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 605

EIN: 640115714

CRYSTAL SPRINGS, MS

Total Revenue
$603,619
Total Expenses
$723,041
Total Assets
$750,154
Net Assets
$748,220
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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
1980
Legal Domicile
MS
Principal Officer
GRADY HOLLOWELL
Phone
6018925162
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 605, founded in 1980, is a small nonprofit that reported $604K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $723K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROMOTION OF MEMBERS' WELFARE BY ASSISTING ALL MEMBERS IN OBTAINING AND/OR RETAINING EMPLOYMENT AT ADEQUATE WAGES AND CONDITIONS.

Program Service Accomplishments

Program 1

ASSISTED ALL MEMBERS IN OBTAINING AND/OR RETAINING EMPLOYMENT AT ADEQUATE WAGES AND CONDITIONS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $127,000
Program Service Revenue $434,971
Investment Income $41,648
Other Revenue $0
TOTAL REVENUE $603,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $439,142
Fundraising Expenses $0
Other Expenses $283,899
TOTAL EXPENSES $723,041

Year-over-Year Comparison

2025 2024 Change
Revenue $603,619 $537,900 +0.1%
Expenses $723,041 $418,679 +0.7%
Net Income $-119,422 $119,221 -2.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
4
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
6
$381,907
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRADY HOLLOWELL BUSINESS MAN 40.00
Officer
$260,364 $54,591 $314,955
CHRIS ELKINS PAST ASST BU 1.00
Officer
$7,680 $360 $8,040
DAVID KILLINGSWORTH PAST ASST BU 1.00
Officer
$4,010 $0 $4,010
THOMAS PARSONS PRES/ASST BU 20.00
Officer
$54,902 $0 $54,902
ZAC WHITE VICE PRESIDE 1.00
Officer
$0 $0 $0
TOM HUDSON TREASURER 1.00
Officer
$0 $0 $0
KEITH GORDON EXECUTIVE BO 1.00
Director
$0 $0 $0
CASEY OWENS EXECUTIVE BO 1.00
Director
$0 $0 $0
ANDY STEVENSON EXECUTIVE BO 1.00
Director
$0 $0 $0
CHRIS HENDERSON EXECUTIVE BO 1.00
Director
$0 $0 $0
TERRY CAUSEY EXECUTIVE BO 1.00
Director
$0 $0 $0
HARPER FARRELL EXECUTIVE BO 1.00
Director
$0 $0 $0
MICHAEL MOORE EXECUTIVE BO 1.00
Director
$0 $0 $0
BRAD WHITTINGTON EXECUTIVE BO 1.00
Director
$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
2025 $603,619 $723,041 $750,154 $-119,422
2024 $537,900 $418,679 $846,012 $119,221
2023 $436,823 $402,475 $683,178 $34,348
2022 $455,097 $422,031 $612,576 $33,066
2021 $443,665 $474,060 $716,360 $-30,395
2020 $472,486 $526,221 $746,405 $-53,735
2019 $497,011 $513,456 $734,118 $-16,445
2018 $477,251 $517,825 $687,806 $-40,574
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