INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 415 (EIN 830124875) - 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

1903

Legal Domicile

Principal Officer

TRUETT THOMPSON

Phone

3076325944

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 415, founded in 1903, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $322K, a strong 30% operating margin.

Mission

LOCAL ELECTRICAL UNION HALL REPRESENTING MEMBERS, PROMOTE BEING A MEMBER OF THE I.B.E.W., RENTING MEETING ROOM, AND PROVIDING ELECTRICIANS TO CONTRACTORS.

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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 $937,418

Program Service Revenue $0

Investment Income $152,676

Other Revenue $-4,348

TOTAL REVENUE $1,085,746

Expense Breakdown

Grants Paid $34,800

Salaries & Benefits $384,423

Fundraising Expenses $0

Other Expenses $344,323

TOTAL EXPENSES $763,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,085,746	$778,970	+0.4%
Expenses	$763,546	$721,010	+0.1%
Net Income	$322,200	$57,960	+4.6%

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

$218,531

Total Directors

$112,817

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MORROW	BUSINESS MGR	40.00	Officer	$94,178	$14,126	$108,304
TRUETT THOMPSON	VICE-PRESIDE	40.00	Officer Director	$86,230	$14,126	$100,356
THOMAS CHRIS MCBRIDE	PRESIDENT	4.00	Officer Director	$4,417	$2,456	$6,873
JACOB SMITH	CHAIRMAN	1.00	Officer Director	$1,797	$823	$2,620
ANTONIO GONZALES	EXECUTIVE BO	1.00	Director	$1,427	$583	$2,010
RYAN BIERMA	EXECUTIVE BO	1.00	Director	$411	$169	$580
MATTHEW KOPCHO	RECORDING SE	1.00	Officer Director	$135	$54	$189
DAVID RICHARDSON	TREASURER	1.00	Officer Director	$135	$54	$189
CHASE FISHER	EXECUTIVE BO	1.00	Director	$0	$0	$0
AUSTIN VYE	EXECUTIVE BO	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	$1,085,746	$763,546	$3,239,209	$322,200
2024	$778,970	$721,010	$2,836,451	$57,960
2023	$727,515	$719,357	$2,616,962	$8,158
2022	$1,118,222	$703,878	$2,436,862	$414,344
2021	$686,915	$670,858	$2,744,605	$16,057

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 415