INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKER LOCAL NO 354 (EIN 870142682) - 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

1907

Legal Domicile

Phone

8019729354

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKER LOCAL NO 354, founded in 1907, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 18% operating margin.

Mission

LABOR ORGANIZATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,286,174

Investment Income $904,126

Other Revenue $253,616

TOTAL REVENUE $12,443,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,488,200

Fundraising Expenses $0

Other Expenses $7,622,266

TOTAL EXPENSES $10,178,466

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,443,916	$9,519,697	+0.3%
Expenses	$10,178,466	$6,800,600	+0.5%
Net Income	$2,265,450	$2,719,097	-0.2%

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

N/A

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

$302,506

Total Directors

$414,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE WOODMAN	BUS MGR/FIN SEC	48.00	Officer Director	$153,500	$0	$153,500
CODEY LINDSAY	PRES/EXEC BD	50.00		$137,754	$0	$137,754
TODD BAUGH	EXECUTIVE BOARD	49.00		$130,218	$0	$130,218
SERGIO SOTELO	TREAS/EXEC BRD	48.00	Officer Director	$123,006	$0	$123,006
WILLIAM MEYERS	VP/JOB ST/EXAM	17.00		$43,746	$0	$43,746
MICHAEL ROBERTS	EXEC BRD/COMM	14.00	Director	$36,109	$0	$36,109
SHAWN STEWART	EXEC BRD/JOB ST	12.00	Director	$28,656	$0	$28,656
WESTON PEARSON	EXECUTIVE BOARD	10.00	Director	$25,183	$0	$25,183
DEREK CALDWELL	PRES/EXEC BRD	7.00	Officer Director	$17,747	$0	$17,747
RYAN SWANN	EXECUTIVE BOARD	5.00	Director	$12,079	$0	$12,079
NICHOLAS BARNETT	EXECUTIVE BRD	3.00	Director	$7,959	$0	$7,959
BRYCE HARDING	EXEC BRD/JOB ST	4.00		$5,186	$0	$5,186
BRIAN VERMOUTH	REC SEC/EXEC BD	4.00		$4,762	$0	$4,762
SCOTT MACKOWIAK	VP/EXEC BRD	4.00	Officer Director	$4,652	$0	$4,652
RANDAL BRYANT	REC SEC/EXEC BD	3.00	Officer Director	$3,601	$0	$3,601
CHRIS FULLERTON	EXECUTIVE BRD	2.00	Director	$1,921	$0	$1,921

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	$12,443,916	$10,178,466	$27,224,799	$2,265,450
2024	$9,519,697	$6,800,600	$24,572,163	$2,719,097
2023	$7,502,102	$6,516,134	$21,643,883	$985,968
2022	$7,974,951	$4,955,968	$20,035,072	$3,018,983
2021	$8,838,097	$4,052,498	$18,539,053	$4,785,599
2020	$7,994,296	$4,838,804	$13,571,087	$3,155,492
2019	$7,088,211	$4,837,832	$9,912,991	$2,250,379
2018	$5,463,516	$5,878,804	$6,916,498	$-415,288

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKER LOCAL NO 354