IBEW LOCAL UNION NO 278 (EIN 740956217) - 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

1926

Legal Domicile

Principal Officer

DAVID CARRANCO

Tax Period

2024-07-01 to 2025-06-30

IBEW LOCAL UNION NO 278, founded in 1926, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

Promote and advance the organized electrical construction industry and protect and enhance union member material and intellectual welfare through the negotiation and administration of collective bargaining agreements on their behalf

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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 $1,436,008

Program Service Revenue $87,625

Investment Income $183,083

Other Revenue $0

TOTAL REVENUE $1,706,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $826,338

Fundraising Expenses $0

Other Expenses $1,222,523

TOTAL EXPENSES $2,083,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,706,716	$2,418,022	-0.3%
Expenses	$2,083,034	$1,999,754	+0.0%
Net Income	$-376,318	$418,268	-1.9%

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

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

$312,049

Total Directors

$82,603

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CARRANCO	BUS MNGR AND FIN SECY	55.00	Officer	$119,321	$0	$119,321
MARSHALL MORIN	PRESIDENT	55.00	Officer	$87,343	$0	$87,343
AUBREY NEVINS	TREASURER	55.00	Officer	$81,358	$0	$81,358
ROBERT SALINAS	EXECUTIVE BOARD	2.00	Director	$79,687	$0	$79,687
FRANK EGUIA	VICE PRESIDENT	2.00	Officer	$22,361	$0	$22,361
ROY RIOS	RECORDING SECY	2.00	Officer Director	$1,666	$0	$1,666
JOSHUA KIRKLAND	EXECUTIVE BOARD	2.00	Director	$1,250	$0	$1,250
KENNETH GRAVESON	EXEC BOARD CHAIRMAN	2.00	Director	$0	$0	$0
JOSHUA TORRES	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
WILLIAM CUELLAR	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MANUEL GONZALEZ	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ADRIAN AYALA	EXECUTIVE BOARD	2.00	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	$1,706,716	$2,083,034	$4,764,610	$-376,318
2024	$2,418,022	$1,999,754	$5,140,030	$418,268
2023	$1,568,334	$1,671,223	$4,722,629	$-102,889
2022	$1,699,252	$1,439,276	$4,823,366	$259,976
2021	$1,428,424	$1,211,611	$4,574,239	$216,813
2020	$1,256,327	$1,209,272	$4,347,997	$47,055
2019	$1,325,235	$1,318,227	$4,297,067	$7,008

IBEW LOCAL UNION NO 278