IBEW LOCAL 291

EIN: 820096816

BOISE, ID

Total Revenue
$4,740,616
Total Expenses
$2,402,890
Total Assets
$15,650,115
Net Assets
$15,479,933
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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
1902
Legal Domicile
ID
Principal Officer
JEREMY REDMAN
Phone
2083434861
Tax Period
2024-01-01 to 2024-12-31

IBEW LOCAL 291, founded in 1902, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 49% operating margin.

Mission

TO PROMOTE BY ALL PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $1,814,550 Revenue: $3,912,613

TO PROTECT ITS MEMBERSHIP BY SEEING THAT JOBS ARE SECURED WHEN AVAILABLE AND THAT CONTRACTS ARE ADHERED TO BY BOTH MANAGEMENT AND LABOR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,946,770
Investment Income $828,003
Other Revenue $-34,157
TOTAL REVENUE $4,740,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,050,913
Fundraising Expenses $0
Program Expenses $1,814,550
Other Expenses $1,351,977
TOTAL EXPENSES $2,402,890

Year-over-Year Comparison

2024 2023 Change
Revenue $4,740,616 $3,801,686 +0.2%
Expenses $2,402,890 $2,021,650 +0.2%
Net Income $2,337,726 $1,780,036 +0.3%
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
7
Independent Members
N/A
Employees
17
Volunteers
125

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
11
$451,428
Total Directors
11
$451,428
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LONNY WEARIN PRESIDENT 5.00
Officer Director
$2,473 $918 $3,391
BRYAN GONZALES VICE PRESIDENT 5.00
Officer Director
$300 $118 $418
CODY SMITH VICE PRESIDENT (END 10/24) 5.00
Officer Director
$2,307 $858 $3,165
BRAD BOHNING TREASURER 5.00
Officer Director
$1,253 $459 $1,712
JACOB GIESE TREASURER (END 6/24) 5.00
Officer Director
$628 $236 $864
ERIK RODINSKY RECORDING SECRETARY 5.00
Officer Director
$174 $60 $234
JEREMY REDMAN BUSINESS MANAGER/FINANCIAL SECRETARY 40.00
Officer Director
$124,776 $31,494 $156,270
TOBY DAVIS EXECUTIVE BOARD MEMBER 40.00
Officer Director
$108,499 $31,494 $139,993
ERIK SIMMONS EXECUTIVE BOARD MEMBER 5.00
Officer Director
$2,370 $873 $3,243
JASON TAYLOR EXECUTIVE BOARD MEMBER 40.00
Officer Director
$108,498 $31,494 $139,992
ROBERT ANDERSON EXECUTIVE BOARD MEMBER 5.00
Officer Director
$1,569 $577 $2,146
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 $4,740,616 $2,402,890 $15,650,115 $2,337,726
2023 $3,801,686 $2,021,650 $13,140,762 $1,780,036
2022 $3,079,924 $1,713,751 $10,911,506 $1,366,173
2021 $2,851,784 $1,556,257 $10,520,238 $1,295,527
2020 $2,651,769 $1,467,807 $8,743,388 $1,183,962
2019 $2,070,193 $1,525,483 $7,471,566 $544,710
2018 $1,983,589 $1,303,847 $6,384,926 $679,742
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