INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 659 (EIN 930196211) - 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

1937

Legal Domicile

Principal Officer

NICHOLAS CARPENTER

Phone

5416640800

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 659, founded in 1937, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 14% surplus.

Mission

TO ORGANIZE IN THE JURISDICTION OF LOCAL 659 OF THE UNITED STATES, WORKERS IN THE ELECTRICAL INDUSTRY AND TO PROMOTE REASONABLE METHODS OF WORK, SETTLE DISPUTES, ASSIST IN SICKNESS AND DISTRESS, SECURE EMPLOYMENT AND SECURE A HIGHER STANDARD OF LIVING AND CITIZENSHIP

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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 $4,637,466

Investment Income $104,773

Other Revenue $7,708

TOTAL REVENUE $4,749,947

Expense Breakdown

Grants Paid $122,717

Salaries & Benefits $2,100,019

Fundraising Expenses $0

Other Expenses $1,843,968

TOTAL EXPENSES $4,066,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,749,947	$3,991,003	+0.2%
Expenses	$4,066,704	$3,645,797	+0.1%
Net Income	$683,243	$345,206	+1.0%

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

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

$339,743

Total Directors

$10,928

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS CARPENTER	FINANCIAL SEC	49.00	Officer	$165,471	$14,501	$179,972
DONALD MCELROY	ASST BUSI MNGR	40.00		$161,962	$13,802	$175,764
JAMES DAVIDSON	ASS'T BUSI MGNR	40.00		$156,844	$13,802	$170,646
MICHAEL MEEK	ASST BUSI MNGR	40.00		$156,145	$13,802	$169,947
THOMAS HUTTON	ASST BUSI MNGR	40.00		$155,734	$13,802	$169,536
RYAN SMITH	ASS'T BUSI MGNR	40.00		$153,028	$13,503	$166,531
JON FLEGEL	FINANCIAL SEC	49.00	Officer	$138,141	$8,925	$147,066
ROBERT ATKINSON	Vice President	0.50	Officer	$5,268	$0	$5,268
CHRISTOPHER FARRELL	BOARD MEMBER	0.50	Director	$4,822	$0	$4,822
JEFF ANDERSON	President	0.50	Officer	$2,707	$0	$2,707
SHANE LONG	BOARD MEMBER	0.50	Director	$2,488	$0	$2,488
MATT EILINBERGER	Treasurer	0.50	Officer	$2,479	$0	$2,479
CRAIG WOODS	BOARD MEMBER	0.50	Director	$2,251	$0	$2,251
KATHLEEN D JOY	Secretary	0.50	Officer	$2,251	$0	$2,251
MICHAEL SCARMINACH	BOARD MEMBER	0.50	Director	$1,367	$0	$1,367

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	$4,749,947	$4,066,704	$4,125,444	$683,243
2022	$3,991,003	$3,645,797	$3,202,601	$345,206
2021	$3,853,441	$3,262,563	$3,284,171	$590,878
2020	$3,545,759	$2,872,469	$2,682,903	$673,290
2019	$3,091,286	$2,768,588	$1,892,424	$322,698
2018	$2,772,710	$2,480,493	$1,459,120	$292,217

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 659