INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #280 (EIN 930196227) - 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

1928

Legal Domicile

Principal Officer

LYNN MCDONALD

Phone

5418121771

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #280, founded in 1928, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $4.4M left a modest 11% surplus.

Mission

TO ORGANIZE ALL ELECTRICAL WORKERS COMING WITHIN ITS JURISDICTION, TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANCES 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 (2023)

Revenue Breakdown

Contributions & Grants $4,436,212

Program Service Revenue $0

Investment Income $470,304

Other Revenue $8,734

TOTAL REVENUE $4,915,250

Expense Breakdown

Grants Paid $151,824

Salaries & Benefits $1,463,980

Fundraising Expenses $0

Program Expenses $3,381,507

Other Expenses $2,750,624

TOTAL EXPENSES $4,366,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,915,250	$5,187,955	-0.1%
Expenses	$4,366,428	$3,533,405	+0.2%
Net Income	$548,822	$1,654,550	-0.7%

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

$229,837

Total Directors

$54,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH GOLF	BOARD MEMBER AT LARGE	1.00	Director	$7,981	$2,847	$10,828
WENDELL WHISTLER	BOARD MEMBER AT LARGE	1.00	Director	$6,037	$1,620	$7,657
JEREMY KROON	BOARD MEMBER AT LARGE	1.50	Director	$2,757	$1,154	$3,911
MOLLY MULLER	BOARD MEMBER AT LARGE	1.50	Director	$315	$0	$315
CHAD PRIVRATSKY	PRESIDENT	1.50	Officer Director	$7,814	$2,525	$10,339
DAVID HOOVER	RECORDING SECRETARY	1.25	Officer Director	$7,412	$2,734	$10,146
MIKE JONES	TREASURER	1.00	Officer Director	$8,669	$2,895	$11,564
ROBERT SAPP	VICE-PRESIDENT	1.50	Officer Director	$0	$0	$0
ANDREW LINDSEY	BUSINESS MANAGER	40.00	Officer	$157,064	$40,724	$197,788
GERALD MCDONALD	HIGHEST COMPENSATED EMPLOYEE	40.00	Highest	$139,609	$40,724	$180,333
ROBERT SMITH III	HIGHEST COMPENSATED EMPLOYEE	40.00	Highest	$139,609	$40,724	$180,333
ZACHARY BAKKE	HIGHEST COMPENSATED EMPLOYEE	40.00	Highest	$127,985	$40,724	$168,709
STEVEN DENTON	HIGHEST COMPENSATED EMPLOYEE	40.00	Highest	$127,985	$40,724	$168,709
LISA L RIGGS	HIGHEST COMPENSATED EMPLOYEE	40.00	Highest	$101,256	$32,477	$133,733

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	$4,915,250	$4,366,428	$10,796,721	$548,822
2022	$5,187,955	$3,533,405	$10,065,245	$1,654,550
2021	$4,083,940	$3,040,176	$8,431,915	$1,043,764
2020	$3,976,558	$2,724,338	$7,220,796	$1,252,220
2019	$4,626,864	$2,998,201	$5,968,158	$1,628,663
2018	$3,081,525	$2,573,780	$4,341,200	$507,745

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL #280