IBEW LOCAL 410

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

RICK MEEKER

Phone

4437973710

Tax Period

2023-07-01 to 2024-06-30

IBEW LOCAL 410, founded in 2017, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $562K, a strong 24% operating margin.

Mission

NOT FOR PROFIT LABOR ORGANIZATION (COMPRISED OF THE REPRESENTED EMPLOYEES OF BALTIMORE GAS AND ELECTRIC) PROMOTING BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $1,566,339 Revenue: $9,777

LABOR UNION FOR THE WORKERS OF BALTIMORE GAS AND ELECTRIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,227,151

Program Service Revenue $0

Investment Income $102,085

Other Revenue $9,777

TOTAL REVENUE $2,339,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $538,499

Fundraising Expenses $0

Program Expenses $1,566,339

Other Expenses $1,238,844

TOTAL EXPENSES $1,777,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,339,013	$2,146,207	+0.1%
Expenses	$1,777,343	$1,573,809	+0.1%
Net Income	$561,670	$572,398	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$368,498

Total Directors

$376,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK DIETER	RECORDING SECRETARY	2.00	Officer Director	$7,800	$0	$7,800
RICK MEEKER	TREASURER	2.00	Officer Director	$7,800	$0	$7,800
GERRY WERNER	VICE PRESIDENT	20.00	Officer Director	$7,800	$0	$7,800
WOODY JACOBS	BUSINESS MANAGER/PRESIDENT	20.00	Officer Director	$176,669	$0	$176,669
BRIAN TERWILLIGER	ASSISTANT BUSINESS MANAGER	1.00	Officer Director	$168,429	$0	$168,429
JESSE BLAND	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GARNETT	DIRECTOR	1.00	Director	$7,800	$0	$7,800
MATT LAUER	DIRECTOR	1.00	Director	$0	$0	$0
SHANE MOSCA	DIRECTOR	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	No data	No data	No data	No data
2024	$2,339,013	$1,777,343	$4,229,067	$561,670
2023	$2,146,207	$1,573,809	$3,485,765	$572,398
2022	$2,035,256	$1,223,497	$2,803,732	$811,759
2021	$1,957,678	$860,534	$2,142,877	$1,097,144