International Brotherhood of Electrical Workers Local Union 387 (EIN 860079391) - 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

1939

Legal Domicile

Principal Officer

Board of Trustees

Phone

6022641846

Tax Period

2023-07-01 to 2024-06-30

International Brotherhood of Electrical Workers Local Union 387, founded in 1939, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 3% surplus.

Mission

TO PROMOTE THE GOOD OF ITS MEMBERS IN THE ELECTRICAL INDUSTRY WITHIN ARIZONA AND NEW MEXICO IN THE COUNTIES IN WHICH IT HAS JURISDICTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,170,137

Investment Income $13,100

Other Revenue $3,511

TOTAL REVENUE $2,186,748

Expense Breakdown

Grants Paid $28,406

Salaries & Benefits $977,057

Fundraising Expenses $0

Other Expenses $1,068,274

TOTAL EXPENSES $2,113,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,186,748	$2,156,914	+0.0%
Expenses	$2,113,673	$2,137,277	0.0%
Net Income	$73,075	$19,637	+2.7%

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

$244,814

Total Directors

$358,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Gable	Bus Mgr/Fin Sec	40.00	Officer Director	$188,101	$52,001	$240,102
DERRON HANSEN	Asst Business MGR	40.00		$159,184	$46,073	$205,257
Robby Long Jr	Exec Board	2.00	Director	$66,449	$0	$66,449
Scott Forrester	Exec Board	2.00	Director	$11,016	$0	$11,016
Lambert Bennett	Exec Board	2.00	Director	$10,548	$0	$10,548
Ryan Culpepper	Exec Board	2.00	Director	$6,989	$0	$6,989
David Crimmins	Exec Board	2.00	Director	$5,813	$0	$5,813
Greg Gardner	Exec Board	2.00	Director	$4,624	$0	$4,624
Denton Cline	Exec Board	2.00	Director	$4,170	$0	$4,170
Jeffrey Wood	Exec Board	2.00	Director	$4,033	$0	$4,033
Jeffrey Wright	President	2.00	Officer Director	$3,632	$0	$3,632
Travis Boos	Treasurer	2.00	Officer Director	$900	$0	$900
Troy Boos	Recording Sec.	2.00	Officer Director	$180	$0	$180
Steven Pack	Vice President	2.00	Officer 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	$2,186,748	$2,113,673	$4,930,330	$73,075
2023	$2,156,914	$2,137,277	$4,885,130	$19,637
2022	$2,144,555	$1,854,798	$4,826,500	$289,757
2021	$2,374,446	$1,968,703	$4,613,204	$405,743

International Brotherhood of Electrical Workers Local Union 387