INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 576 (EIN 720185889) - Form 990 Financial Analysis & Trantor Score

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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

1937

Legal Domicile

Principal Officer

MATTHEW RACHAL

Phone

3184435811

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 576, founded in 1937, is a small nonprofit that reported $769K in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $147K, a strong 19% operating margin.

Mission

TO PROVIDE LABOR UNION BENEFITS TO ELECTRICAL WORKER 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $728,368

Program Service Revenue $1,200

Investment Income $36,449

Other Revenue $3,393

TOTAL REVENUE $769,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,694

Fundraising Expenses $0

Program Expenses $266,696

Other Expenses $167,198

TOTAL EXPENSES $622,098

Year-over-Year Comparison

	2025	2024	Change
Revenue	$769,410	$525,411	+0.5%
Expenses	$622,098	$576,239	+0.1%
Net Income	$147,312	$-50,828	-3.9%

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

350

Independent Members

350

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

$75,160

Total Directors

$140,904

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW RACHAL	PRESIDENT/BU	40.00	Officer Director	$75,160	$0	$75,160
EDWARD EVANS	MEMBER	40.00	Director	$65,744	$0	$65,744
JOSEPH CHARRIER	TREASURER	N/A	Director	$0	$0	$0
LANDRY DUCOTE	MEMBER	N/A	Director	$0	$0	$0
AARON EDWARDS	MEMBER	N/A	Director	$0	$0	$0
JOSH MATHEWS	MEMBER	N/A	Director	$0	$0	$0
THOMAS MCGINTY	RECORDING SE	N/A	Officer Director	$0	$0	$0
GREG PAWLISKI	MEMBER	N/A	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	$769,410	$622,098	$746,404	$147,312
2024	No data	No data	No data	No data
2023	$473,247	$529,131	$631,531	$-55,884
2022	$446,630	$505,136	$669,946	$-58,506
2021	$329,446	$429,437	$723,052	$-99,991
2020	$324,229	$425,625	$821,993	$-101,396
2019	$380,673	$455,313	$924,834	$-74,640
2018	$330,269	$401,861	$997,990	$-71,592

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 576