IBEW LOCAL NO 48 (EIN 930196209) - 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

1913

Legal Domicile

Principal Officer

GARTH BACHMAN

Phone

5032564848

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL NO 48, founded in 1913, is a mid-sized nonprofit that reported $24.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.3M, a strong 38% operating margin.

Mission

PROMOTE SAFE EMPLOYMENT FOR FAIR WAGES FOR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,834,098

Investment Income $1,515,917

Other Revenue $320,061

TOTAL REVENUE $24,670,076

Expense Breakdown

Grants Paid $284,503

Salaries & Benefits $6,291,114

Fundraising Expenses $0

Other Expenses $8,350,619

TOTAL EXPENSES $15,376,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,670,076	$22,313,763	+0.1%
Expenses	$15,376,904	$14,688,673	+0.0%
Net Income	$9,293,172	$7,625,090	+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

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

$286,407

Total Directors

$78,392

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATRIENA SMITH	BOARD MEMBER	0.80	Director	$18,985	$0	$18,985
DARRELL BELL	BOARD MEMBER	0.80	Director	$17,472	$0	$17,472
TORY BLAND	BOARD MEMBER	0.80	Director	$8,529	$0	$8,529
RYAN BROWN	BOARD MEMBER	0.80	Director	$4,486	$0	$4,486
ED DRAPEAU	BOARD MEMBER	0.80	Director	$14,094	$0	$14,094
AMANDA SWAN	BOARD MEMBER	0.80	Director	$14,826	$0	$14,826
GARTH BACHMAN	BUSINESS MANAGER	47.00	Officer	$177,725	$69,923	$247,648
DAVID JACOBSEN	PRESIDENT	0.80	Officer	$9,542	$0	$9,542
PAUL NEW	VICE PRESIDENT	0.80	Officer	$11,709	$0	$11,709
SUSAN RODAWAY	TREASURER	0.80	Officer	$7,966	$0	$7,966
JOHN WILSON	RECORDING SECRETARY	0.80	Officer	$9,542	$0	$9,542
JOSEPH A BOND	BUSINESS REP	48.00	Highest	$162,914	$65,324	$228,238
AARON C BARBER-STRONG	ORGANIZER	48.00	Highest	$162,914	$65,324	$228,238
ALBERT R DAVIS	ORGANIZER	48.00	Highest	$162,914	$66,104	$229,018
DIANA D WINTHER	LEGAL	48.00	Highest	$162,914	$74,996	$237,910
JOSHUA R CARTER	BUSINESS REP	48.00	Highest	$162,914	$65,324	$228,238

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	$24,670,076	$15,376,904	$64,770,594	$9,293,172
2023	$22,313,763	$14,688,673	$52,316,707	$7,625,090
2022	$20,692,217	$13,255,534	$40,886,129	$7,436,683
2021	$20,937,357	$12,853,250	$39,866,563	$8,084,107
2020	$16,851,347	$11,417,693	$32,066,475	$5,433,654
2019	$15,360,399	$12,705,813	$25,128,622	$2,654,586
2018	$14,404,626	$12,504,079	$19,988,706	$1,900,547

IBEW LOCAL NO 48