IBEW Local Union 527

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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

1906

Legal Domicile

Principal Officer

Joshua Spoor

Phone

4099339800

Tax Period

2023-07-01 to 2024-06-30

IBEW Local Union 527, founded in 1906, is a small nonprofit that reported $717K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $2.4M represent 40 months of operating reserves.

Mission

To improve working conditions for electricians the the Galveston Area.

Program Service Accomplishments

Program 1

Expenses: $308,593

PROMOTES MATERIAL AND INTELLECTUAL WELFARE FOR OVER 400 MEMBERS. PROVIDES DEATH BENEFITS TO PARTICIPATING MEMBERS. MAINTAINS SEPARATE SEGREGATED FUND FOR RECEIPT AND PAYMENT OF VOLUNTARY PAC...

PROMOTES MATERIAL AND INTELLECTUAL WELFARE FOR OVER 400 MEMBERS. PROVIDES DEATH BENEFITS TO PARTICIPATING MEMBERS. MAINTAINS SEPARATE SEGREGATED FUND FOR RECEIPT AND PAYMENT OF VOLUNTARY PAC CONTRIBUTIONS

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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 $278,402

Program Service Revenue $196,265

Investment Income $228,675

Other Revenue $13,820

TOTAL REVENUE $717,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $364,992

Fundraising Expenses $0

Program Expenses $308,593

Other Expenses $382,197

TOTAL EXPENSES $751,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,162	$617,143	+0.2%
Expenses	$751,803	$634,331	+0.2%
Net Income	$-34,641	$-17,188	+1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$185,750

Total Directors

$43,000

Key Employees

$253,613

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russell Pickney	Organizer	040.00	Officer Key Emp	$82,640	$0	$82,640
Joshua Spoor	Exec. Board	002.00	Officer Key Emp	$54,950	$0	$54,950
Julie Jackson	Employee/Rec Sec	040.00	Key Emp	$47,693	$0	$47,693
Michael Henderson	Business Manager	040.00	Officer Director Key Emp	$42,550	$0	$42,550
Zowie Talley	Employee	040.00	Key Emp	$25,780	$0	$25,780
James Wilson	Exec. Board	002.00	Officer	$1,206	$0	$1,206
Brandon Bage	Exec. Board	002.00	Officer	$1,184	$0	$1,184
Matthew Harrison	Exec. Board	002.00	Officer	$510	$0	$510
Daniel Goodson	Exec. Board	002.00	Officer	$450	$0	$450
Roy Sendejas	Exec, Board	002.00	Officer	$420	$0	$420
Sean Vick	Exec. Board	002.00	Officer	$390	$0	$390
Esmeralda Duran	Treasurer	002.00	Officer Director	$330	$0	$330
Martin Chadwick	Exec. Board	002.00	Officer	$284	$0	$284
Joe Sanchez	Exec. Board	002.00	Officer	$210	$0	$210
Samuel Perez	Exec. Board	002.00	Officer	$206	$0	$206
Jon DuBois	Exec, Board	002.00	Officer	$180	$0	$180
Joshua Hurst	Exec. Board	002.00	Officer Director	$120	$0	$120
Christopher Rhoads	Exec. Board	002.00	Officer	$60	$0	$60
Kyle A Royal	Exec. Board	002.00	Officer	$60	$0	$60
Cameron Guina	Exec. Board	002.00	Officer	$0	$0	$0
Jonathon Garza	Exec. Board	002.00	Officer	$0	$0	$0
Kyle Little	Exec. Board	002.00	Officer	$0	$0	$0
Rodolfo Rivas	Exec. Board	002.00	Officer	$0	$0	$0
Troy Ridenour	Exec. Board	002.00	Officer	$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	No data	No data	No data	No data
2024	$717,162	$751,803	$2,393,943	$-34,641
2023	$617,143	$634,331	$2,426,767	$-17,188
2022	$474,404	$649,550	$2,441,384	$-175,146
2021	$788,873	$658,035	$2,618,976	$130,838
2020	$452,288	$656,255	$2,485,695	$-203,967
2019	$647,433	$666,518	$2,686,739	$-19,085
2018	$711,787	$666,872	$2,722,051	$44,915