Intl Brotherhood of Electrical Workers Local Union No 46 (EIN 910267931) - 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

1914

Legal Domicile

Principal Officer

Sean L Bagsby

Phone

2533956500

Tax Period

2023-01-01 to 2023-12-31

Intl Brotherhood of Electrical Workers Local Union No 46, founded in 1914, is a mid-sized nonprofit that reported $18.3M in total revenue in fiscal year 2023. Expenses of $22.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ORGANIZE WORKERS IN THE ELECTRICAL INDUSTRY, INCLUDING PUBLIC UTILITIES AND MANUFACTURING, INTO LOCAL UNIONS, PROMOTE REASONABLE METHODS OF WORK, SETTLE DISPUTES BETWEEN EMPLOYERS AND EMPLOYEES BY ARBITRATION, ASSIST MEMBERS, REDUCE HOURS, SECURE ADEQUATE PAY FOR WORK, SEEK A HIGHER STANDARD OF LIVING FOR MEMBERS, SEEK SECURITY FOR MEMBERS, BY LEGAL AND PROPER MEANS.

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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 $381,105

Program Service Revenue $17,431,592

Investment Income $422,674

Other Revenue $91,231

TOTAL REVENUE $18,326,602

Expense Breakdown

Grants Paid $228,100

Salaries & Benefits $9,764,304

Fundraising Expenses $0

Other Expenses $11,897,398

TOTAL EXPENSES $22,389,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,326,602	$17,625,959	+0.0%
Expenses	$22,389,403	$16,885,931	+0.3%
Net Income	$-4,062,801	$740,028	-6.5%

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

226

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

$1,031,171

Total Directors

$1,647,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sean Bagsby	Fin Sec/Bus Mgr	40.00	Officer Director	$199,076	$56,102	$255,178
Warren Schill	Presidnt/Ed Cor	40.00	Officer Director	$194,508	$56,102	$250,610
Erick Lee	Exec Brd/Bs Agn	40.00	Director	$182,661	$56,102	$238,763
Wayne Horton	Treasrer/Bs Agn	40.00	Officer Director	$174,669	$56,102	$230,771
Neal Holm	Assist Businss Mgr	40.00		$171,045	$56,102	$227,147
Nicholas Genton	Organizer	40.00		$171,045	$56,102	$227,147
Megan Kirby	Business Agent	40.00		$171,045	$56,102	$227,147
Shannon Hagen	Organizer	40.00		$171,045	$56,102	$227,147
Matthew Hepner	CEWW Director	40.00		$171,045	$56,102	$227,147
Christian Eaglehead	Rec Secr/BA Int	40.00	Officer Director	$168,090	$56,102	$224,192
Joe Dugger	Past Exe Brd/BA	40.00	Director	$140,011	$56,102	$196,113
Misty Wheeler	Exec Brd/Bs Agn	40.00	Director	$71,175	$56,102	$127,277
Chris Boling	Vice Prs/BA Int	40.00	Officer Director	$49,972	$14,196	$64,168
Steve Murphy	Executive Board	2.00	Director	$19,262	$0	$19,262
Nicole Anderson	Executive Board	2.00	Director	$9,318	$0	$9,318
Charles Carter	Executive Board	2.00	Director	$4,969	$0	$4,969
Damon Barnett	Past Exec Board	2.00	Director	$4,590	$0	$4,590
TONY DOLL	Past Rec Secre	2.00	Officer Director	$3,802	$0	$3,802
Connie Adams	Past Exec Board	2.00	Director	$3,511	$0	$3,511
Jessica Bendixen	Examining Board	2.00	Director	$3,016	$0	$3,016
Gary Dering	Examining Board	2.00	Director	$3,008	$0	$3,008
David Khbeis	Examining Board	2.00	Director	$2,744	$0	$2,744
Jason Drury	Past Vice Pres	2.00	Officer Director	$2,450	$0	$2,450
Brian Prezeau	Examining Board	2.00	Director	$1,392	$0	$1,392
Rodney Cross	Past Exam Board	2.00	Director	$1,333	$0	$1,333
Thomas Lindner	Examining Board	2.00	Director	$1,120	$0	$1,120
Ilsa Petelle	Past Exam Board	2.00	Director	$263	$0	$263

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
2024	No data	No data	No data	No data
2023	$18,326,602	$22,389,403	$26,604,485	$-4,062,801
2022	$17,625,959	$16,885,931	$26,516,289	$740,028
2021	$17,743,137	$14,411,030	$27,893,579	$3,332,107
2020	$15,747,002	$13,685,158	$24,422,049	$2,061,844
2019	$15,943,771	$13,496,275	$21,690,704	$2,447,496
2018	$14,643,222	$11,195,988	$17,372,244	$3,447,234

Intl Brotherhood of Electrical Workers Local Union No 46