International Brotherhood of Elect… - Form 990 Financial Data

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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

Leticia Marcum

Phone

9158779166

Tax Period

2024-07-01 to 2025-06-30

International Brotherhood of Electrical Workers 583 Local Union, founded in 1907, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $516K, a strong 29% operating margin.

Mission

Local Labor Union Representing Members of the International Brotherhood of Electrical Workers.

Program Service Accomplishments

Program 1

Expenses: $651,930 Revenue: $1,615,561

Local Labor Union Representing Members of the International Brotherhood of Electrical Workers.

Program 2

Expenses: $23,880 Revenue: $15,275

Death Benefits for Survivors of Deceased 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,630,836

Investment Income $105,072

Other Revenue $13,640

TOTAL REVENUE $1,749,548

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $423,477

Fundraising Expenses $0

Program Expenses $675,810

Other Expenses $781,178

TOTAL EXPENSES $1,233,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,749,548	$1,574,546	+0.1%
Expenses	$1,233,535	$1,007,440	+0.2%
Net Income	$516,013	$567,106	-0.1%

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

N/A

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

$104,863

Total Directors

$8,197

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leticia Marcum	Bus Mgr/Fin Sec	40.00	Officer	$102,813	$0	$102,813
Daniel Aguirre	Executive Board	1.00	Director	$1,874	$0	$1,874
Anthony Lopez	Executive Board	1.00	Director	$1,700	$0	$1,700
Eric Wyatt	Executive Board	1.00	Director	$1,661	$0	$1,661
David Lino	Executive Board	1.00	Director	$1,566	$0	$1,566
Daniel Diaz	Executive Board	1.00	Director	$1,396	$0	$1,396
Sergio Betancourt	Executive Board	1.00		$1,178	$0	$1,178
Eric Koch	President	3.00	Officer	$1,100	$0	$1,100
Juan Santoyo	Treasurer	3.00		$700	$0	$700
Manny Alvarado	Recording Sec	3.00	Officer	$600	$0	$600
Rosy Cramblit	Vice President	3.00	Officer	$350	$0	$350
Ray Amengol	Executive Board	1.00		$275	$0	$275
Brian Rivera	Executive Board	1.00		$266	$0	$266
Isai Guereque	Executive Board	1.00		$50	$0	$50
Juan Rojas	Executive Board	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	$1,749,548	$1,233,535	$4,703,514	$516,013
2024	$1,574,546	$1,007,440	$4,179,415	$567,106
2023	$1,244,520	$961,892	$3,613,621	$282,628
2022	$929,901	$743,720	$3,326,751	$186,181
2021	$1,022,686	$686,761	$3,142,053	$335,925
2020	$1,020,467	$725,362	$2,805,459	$295,105
2019	$1,135,032	$717,568	$2,510,104	$417,464
2018	$958,804	$761,530	$2,498,579	$197,274

International Brotherhood of Electrical Workers 583 Local Union