IBEW LOCAL UNION 584 (EIN 730298078) - 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

1907

Legal Domicile

Principal Officer

DUSTIN PHELAN

Phone

9185922989

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL UNION 584, founded in 1907, is a small nonprofit that reported $488K in total revenue in fiscal year 2023. Expenses of $878K exceeded revenue, resulting in a 80% operating deficit.

Mission

UNION WAGE SUPPLEMENT PROVIDER

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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 (2023)

Revenue Breakdown

Contributions & Grants $466,611

Program Service Revenue $0

Investment Income $1,707

Other Revenue $19,900

TOTAL REVENUE $488,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,790

Fundraising Expenses $0

Other Expenses $389,053

TOTAL EXPENSES $877,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$488,218	$453,149	+0.1%
Expenses	$877,843	$979,061	-0.1%
Net Income	$-389,625	$-525,912	-0.3%

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

$192,934

Total Directors

$177,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BURNSIDE	PRESIDENT	5.00	Officer Director	$510	$0	$510
ZACH BUDNICK	VICE PRESIDENT	5.00	Officer Director	$310	$0	$310
KRISTEN CARROLL	RECORDING SECRETARY	5.00	Officer Director	$300	$0	$300
MARSHALL LORD	TREASURER	5.00	Officer Director	$85,650	$0	$85,650
BLAKE LANGWORTHY	EXECUTIVE BOARD	5.00	Director	$85,650	$0	$85,650
JEREMY GRIFFIN	EXECUTIVE BOARD	5.00	Director	$534	$0	$534
RICHARD PITTS	EXECUTIVE BOARD	5.00	Director	$1,188	$0	$1,188
BRIAN BROWN	EXECUTIVE BOARD	5.00	Director	$909	$0	$909
AJ ROY	EXECUTIVE BOARD	5.00	Director	$1,056	$0	$1,056
ERIC MOORE	EXECUTIVE BOARD	5.00	Director	$555	$0	$555
SAM ROSS	EXECUTIVE BOARD	5.00	Director	$198	$0	$198
SKYLAR HOLBROOK	EXECUTIVE BOARD	5.00	Director	$722	$0	$722
DUSTIN PHELAN	BUSINESS MANAGER	50.00	Officer	$106,164	$0	$106,164

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
2024	No data	No data	No data	No data
2023	$488,218	$877,843	$2,328,916	$-389,625
2022	$453,149	$979,061	$2,668,334	$-525,912
2021	$748,379	$1,177,808	$3,329,483	$-429,429
2020	$1,681,626	$912,752	$3,921,833	$768,874

IBEW LOCAL UNION 584