INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 401 (EIN 880033768) - 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

1905

Legal Domicile

Principal Officer

JACOB HAAS

Phone

7753292566

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 401, founded in 1905, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $494K, a strong 21% operating margin.

Mission

PROVIDE EMPLOYMENT SERVICES TO UNION MEMBERS AND UNITE THEM FOR PROMOTION AND BETTERMENT OF THE PROFESSION.

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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 $2,342,161

Investment Income $28,424

Other Revenue $20,614

TOTAL REVENUE $2,391,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $928,893

Fundraising Expenses $0

Other Expenses $968,539

TOTAL EXPENSES $1,897,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,391,199	$1,583,844	+0.5%
Expenses	$1,897,432	$1,798,408	+0.1%
Net Income	$493,767	$-214,564	-3.3%

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

$348,982

Total Directors

$9,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL BYRNE	PRESIDENT	1.00	Officer Director	$4,259	$0	$4,259
THOMAS MOXLEY	RECORDING SECRETARY	1.00	Officer Director	$3,096	$0	$3,096
PAUL DAVIES	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
SCOTT WILKES	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
RYAN HUNT	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
CHRIS BARRETT	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
IAN ROBINSON	EXECUTIVE BOARD	1.00	Director	$1,735	$0	$1,735
ASA BARTON	VICE PRESIDENT & ORGANIZER	44.00	Officer	$117,883	$37,021	$154,904
THERESA STRAIGHT	TREASURER	1.00	Officer	$3,412	$0	$3,412
JACOB HAAS	FIN SECRETARY & BUSINESS M	48.00	Officer	$143,693	$39,618	$183,311
DANIEL HARKER	ASST BUSINESS MANAGER	44.00	Highest	$118,277	$37,021	$155,298

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	$2,391,199	$1,897,432	$3,624,650	$493,767
2023	$1,583,844	$1,798,408	$3,074,303	$-214,564
2022	$1,593,567	$2,137,744	$3,289,604	$-544,177
2021	$1,650,448	$1,780,819	$3,850,140	$-130,371
2020	$1,157,679	$2,033,283	$3,985,561	$-875,604
2019	$1,777,871	$2,228,151	$4,874,281	$-450,280

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 401