IBEW LOCAL 410

EIN: 815268178

SPARKS GLENCOE, MD

Total Revenue
$2,339,013
Total Expenses
$1,777,343
Total Assets
$4,229,067
Net Assets
$4,187,378
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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
2017
Legal Domicile
MD
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

PROMOTE BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS 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%)

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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
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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

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Governance

Voting Members
5
Independent Members
5
Employees
8
Volunteers
28

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
5
$368,498
Total Directors
9
$376,298
Key Employees
0
$0
Highest Compensated
0
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
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