INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 480

EIN: 640158485

BYRAM, MS

Total Revenue
$1,002,791
Total Expenses
$874,583
Total Assets
$1,405,544
Net Assets
$1,373,158
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
MS
Principal Officer
J MIKE MORGAN
Phone
6013738434
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 480, founded in 1927, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $875K left a modest 13% surplus.

Mission

AS A LOCAL UNION OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, THE UNION PROVIDES SERVICES FOR THE BENEFIT OF ITS MEMBERS

Program Service Accomplishments

Program 1

LOCAL LABOR UNION HELP TO BRING INDUSTRY AND JOBS TO THIS AREA FOR THE BENEFIT OF ITS MEMBERS.

Program 2

SICKNESS AND ACCIDENT FUND - PROVIDES SICKNESS AND ACCIDENT BENEFITS TO MEMBERS.

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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 $13,911
Program Service Revenue $959,395
Investment Income $27,985
Other Revenue $1,500
TOTAL REVENUE $1,002,791

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $519,268
Fundraising Expenses $0
Other Expenses $352,315
TOTAL EXPENSES $874,583

Year-over-Year Comparison

2025 2024 Change
Revenue $1,002,791 $850,400 +0.2%
Expenses $874,583 $765,784 +0.1%
Net Income $128,208 $84,616 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
32
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
7
$575,669
Total Directors
5
$2,522
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J MIKE MORGAN BUSINESS MGR 40.00
Officer
$106,812 $26,669 $133,481
BROOKS E MARTIN PREV BUS MGR 40.00
Officer
$55,434 $14,650 $70,084
R BRAD WALLACE PRESIDENT 40.00
Officer
$99,631 $26,669 $126,300
C JIM STEPHENS VICEPRES/TRA 1.00
Officer
$210 $23,880 $119,721
ROBERT ISHEE TREASURER 1.00
Officer
$1,686 $0 $1,686
RICHARD JOHNSON RECORDING SE 40.00
Officer
$47,748 $11,130 $60,838
JOEL HILL PREV PLAN AD 1.00
Officer
$0 $11,972 $63,559
MATTHEW MCGILBERRY EXECUTIVE BO 1.00
Director
$543 $0 $543
JAMES W MARTIN EXECUTIVE BO 1.00
Director
$843 $0 $843
JASON STRINGER EXECUTIVE BO 1.00
Director
$100 $0 $100
PEYTON J READMAN EXECUTIVE BO 1.00
Director
$493 $0 $493
GARY MCGRIFF EXECUTIVE BO 1.00
Director
$543 $0 $543
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 $1,002,791 $874,583 $1,405,544 $128,208
2024 No data No data No data No data
2023 $750,232 $742,309 $1,195,160 $7,923
2022 $709,394 $784,759 $1,190,209 $-75,365
2021 $613,764 $652,382 $1,285,797 $-38,618
2020 $795,471 $659,175 $1,333,173 $136,296
2019 $726,389 $695,668 $1,188,388 $30,721
2018 $658,803 $629,689 $1,121,082 $29,114
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