INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 357 (EIN 880023851) - 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

1931

Legal Domicile

Principal Officer

RICHARD K WORK

Phone

7024529357

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 357, founded in 1931, is a mid-sized nonprofit that reported $12.7M in total revenue in fiscal year 2025. Expenses of $12.2M left a modest 4% surplus.

Mission

TO ORGANIZE WORKERS, IMPROVE WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATION, AND COLLECTIVE BARGAINING.

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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 $11,208,581

Investment Income $1,095,206

Other Revenue $442,697

TOTAL REVENUE $12,746,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,186,994

Fundraising Expenses $0

Other Expenses $6,754,095

TOTAL EXPENSES $12,187,822

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,746,484	$12,044,829	+0.1%
Expenses	$12,187,822	$11,897,310	+0.0%
Net Income	$558,662	$147,519	+2.8%

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

100

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

$850,913

Total Directors

$722,614

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN KERBS	PRESIDENT/ASST BM/BA	48.00	Officer Director	$164,998	$74,988	$239,986
WILLIAM ROWEN	VICE PRESIDENT	3.00	Officer Director	$9,674	$4,908	$14,582
TYLER EATON	RECORDING SEC/ASST BM/DISPATCHER	48.00	Officer Director	$193,331	$79,517	$272,848
ULYSSES LEE	TREASURER	3.00	Officer Director	$6,172	$2,720	$8,892
GLENN CARPENTER	EXECUTIVE BOARD	3.00	Director	$12,709	$6,325	$19,034
DAVID RIGGIO	EXECUTIVE BOARD	3.00	Director	$21,172	$10,751	$31,923
AARON PRUTER	EXECUTIVE BOARD	3.00	Director	$19,423	$10,430	$29,853
JOSEPH N ALLEN	EXAM BOARD	2.00	Director	$25,425	$11,142	$36,567
DANIELLE BRAND	EXECUTIVE BOARD	3.00	Director	$4,523	$2,038	$6,561
STEVEN KIRKER	EXECUTIVE BOARD	3.00	Director	$4,478	$2,001	$6,479
JEFFREY HIRSCH	EXECUTIVE BOARD	3.00	Director	$7,932	$3,444	$11,376
MICHAEL CHINGMAN	EXAM BOARD	2.00	Director	$12,397	$6,386	$18,783
MICHAEL SHANK	EXAM BOARD	2.00	Director	$4,881	$2,231	$7,112
STEVEN CUTHBERT	EXAM BOARD	2.00	Director	$6,452	$2,857	$9,309
JESSICA RITCHIE	EXAM BOARD	2.00	Director	$6,452	$2,857	$9,309
RICHARD WORK	BM/FINANCIAL SECRETARY	48.00	Officer	$229,579	$85,026	$314,605
LAMARE JONES	SENIOR ASSISTANT BM/BUSI AGT	48.00	Highest	$194,543	$80,343	$274,886
RAQUEL DEXTER	ASSISTANT BM/BUSI AGT	48.00	Highest	$196,692	$80,898	$277,590
DANIEL ARANDA	ASSISTANT BM/BUSI AGT	48.00	Highest	$192,368	$79,517	$271,885
RONALD YOUNG JR	ASST BM/ORGANIZER	48.00	Highest	$196,881	$81,358	$278,239
JOSHUA WOODS	ASSISTANT BM/BUSI AGT	48.00	Highest	$192,371	$79,517	$271,888
JOSE TORRES	ASSISTANT BM/BUSI AGT	48.00	Highest	$192,362	$79,517	$271,879
JULI GODSBY	OFFICE MANAGER	48.00	Highest	$126,358	$62,341	$188,699
JOSEPH LAGUNAS	ASSISTANT BM/BUSI AGT	48.00	Highest	$186,005	$79,517	$265,522
WILLIAM SPIELBERG	ASSISTANT BM/BUSI AGT-FORMER	48.00	Highest	$101,087	$40,348	$141,435
NOEL T HERNBERGER	FORMER EXAM BOARD	2.00		$21,239	$9,728	$30,967
ROZIA L BELL	FORMER EXAM BOARD	2.00		$11,753	$5,431	$17,184
KENNETH TORBICKI	FORMER EXECUTIVE BOARD	3.00		$10,883	$5,202	$16,085

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	$12,746,484	$12,187,822	$39,506,348	$558,662
2024	No data	No data	No data	No data
2023	$15,144,326	$9,963,104	$38,798,959	$5,181,222
2022	$9,977,969	$8,178,638	$33,600,023	$1,799,331
2021	$8,809,794	$7,116,808	$31,763,868	$1,692,986
2020	$10,210,419	$6,936,344	$30,057,686	$3,274,075
2019	$9,192,753	$6,660,175	$26,772,773	$2,532,578

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 357