International Brotherhood of Electrical Workers Local Union 640 (EIN 860055726) - 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

1952

Legal Domicile

Principal Officer

James Crutchfield

Phone

6022644506

Tax Period

2024-07-01 to 2025-06-30

International Brotherhood of Electrical Workers Local Union 640, founded in 1952, is a mid-sized nonprofit that reported $17.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.6M, a strong 50% operating margin.

Mission

Labor Organizing

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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 $0

Program Service Revenue $15,008,362

Investment Income $1,459,592

Other Revenue $792,686

TOTAL REVENUE $17,260,640

Expense Breakdown

Grants Paid $249,320

Salaries & Benefits $3,196,798

Fundraising Expenses $0

Other Expenses $5,202,416

TOTAL EXPENSES $8,692,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,260,640	$15,291,761	+0.1%
Expenses	$8,692,534	$9,138,310	0.0%
Net Income	$8,568,106	$6,153,451	+0.4%

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

$540,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Crutchfield	Bus Mgr	40.00	Officer	$119,309	$29,081	$148,390
Richard Stewart	Treasurer	40.00	Officer	$101,765	$29,081	$130,846
Carmen Eaves	Recording Secre	40.00	Officer	$101,765	$29,081	$130,846
Robert Lopez	Executive Board	40.00	Officer	$101,765	$29,081	$130,846
Delbert Hawk	President	1.00	Officer	$0	$0	$0
Jeremy Uhl	Rec Sec	1.00	Officer	$0	$0	$0
Sierra English	Exec Board	1.00	Officer	$0	$0	$0
Dean Wine	Bus Mgr/Fin Sec	1.00	Officer	$0	$0	$0
Larry Stewart	Vice President	1.00	Officer	$0	$0	$0
Greg Eastin	Exec Board	1.00	Officer	$0	$0	$0
Wes Bezold	Exec Board	1.00	Officer	$0	$0	$0
Tim Wilson	Exec Board	1.00	Officer	$0	$0	$0
Chris Desch	Exec Board	1.00	Officer	$0	$0	$0
David Bezold	Exec Board	1.00	Officer	$0	$0	$0
Benjamin Solem	President	1.00	Officer	$0	$0	$0
Christopher Speer	Exec Board	1.00	Officer	$0	$0	$0
Thomas Boydston	Vice President	1.00	Officer	$0	$0	$0
Gregory Kelly	Exec Board	1.00	Officer	$0	$0	$0
Oliver Emms	Executive Board	1.00	Officer	$0	$0	$0
Christopher Ward	Executive Board	1.00	Officer	$0	$0	$0
Frederick Cooke	Executive Board	1.00	Officer	$0	$0	$0
Thomas Boydston	Vice President	1.00	Officer	$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	$17,260,640	$8,692,534	$37,160,638	$8,568,106
2024	$15,291,761	$9,138,310	$28,299,215	$6,153,451
2023	$12,651,342	$6,400,435	$22,283,063	$6,250,907
2022	$7,599,709	$6,350,065	$15,882,875	$1,249,644
2021	$5,457,605	$3,875,131	$15,834,882	$1,582,474
2020	$6,439,809	$4,143,568	$13,457,497	$2,296,241

International Brotherhood of Electrical Workers Local Union 640