IBEW LOCAL 291 (EIN 820096816) - Form 990 Financial Analysis & Trantor Score

🔒

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

1902

Legal Domicile

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.

🔒

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 (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

🔒

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

N/A

Employees

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

$451,428

Total Directors

$451,428

Key Employees

Highest Compensated

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

IBEW LOCAL 291