INTL BROTHERHOOD OF ELECTRICAL WOR… - Form 990 Financial Data

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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

1902

Legal Domicile

Principal Officer

ROBERT WARD

Phone

9169274239

Tax Period

2024-07-01 to 2025-06-30

INTL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 340, founded in 1902, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 19% operating margin.

Mission

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 340 IS THE COLLECTIVE BARGAINING AGENT FOR PERSONS EMPLOYED BY UNION SHOPS IN THE RELATED INDUSTRY. AS A MEMBER SUPPORTED ORGANIZATION, THE MAJORITY OF INCOME IS GENERATED BY DUES AND INITIATION FEES. THE LOCAL UNIONS OPERATES A HIRING HALL, ORGANIZES WORKERS, AND NEGOTIATES COMPENSATION FOR MEMBERS OF THE LOCAL UNION.

Program Service Accomplishments

Program 1

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 340 IS THE COLLECTIVE BARGAINING AGENT FOR PERSONS EMPLOYED BY UNION SHOPS IN THE RELATED INDUSTRY. AS A MEMBER SUPPORTED ORGANIZATION, THE MAJORITY OF INCOME IS GENERATED BY DUES AND INITIATION FEES. THE LOCAL UNION OPERATES A HIRING HALL, ORGANIZES WORKERS, AND NEGOTIATES COMPENSATION FOR MEMBERS OF THE LOCAL UNION.

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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 $8,442,342

Investment Income $163,412

Other Revenue $118,956

TOTAL REVENUE $8,724,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,061,711

Fundraising Expenses $0

Other Expenses $4,982,189

TOTAL EXPENSES $7,088,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,724,710	$7,266,089	+0.2%
Expenses	$7,088,201	$6,330,003	+0.1%
Net Income	$1,636,509	$936,086	+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

$25,084

Total Directors

$28,835

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WARD	BUSINESS MANAGER	44.00		$140,016	$54,989	$195,005
MICHAEL FRANKLIN	BUSINESS REPRESENTATIVE	44.00		$123,215	$54,990	$178,205
MATT NOOTENBOOM	BUSINESS REPRESENTATIVE	44.00		$123,215	$54,989	$178,204
JOHN RODEN	BUSINESS REPRESENTATIVE	44.00		$123,215	$54,989	$178,204
JOHN REARDON	BUSINESS REPRESENTATIVE	44.00		$112,013	$54,989	$167,002
TERESA RANEY	BENEFITS COORD.	40.00		$85,808	$48,192	$134,000
REYNA KWONG	OFFICE MANAGER	40.00		$94,262	$37,846	$132,108
MARIEANNA ALVAREZ	BOOKKEEPER	40.00		$86,323	$37,665	$123,988
MARK STEELMAN	President	5.00	Officer	$11,423	$3,379	$14,802
MATT NOOTENBOOM	RECORDING SEC	40.00	Officer	$5,712	$0	$5,712
ROBERT MITCHELL	EXAM BOARD	1.00	Director	$4,831	$0	$4,831
JASON BROWN	EXAM BOARD	1.00	Director	$3,810	$0	$3,810
ZACKERY COLLINS	EXECUTIVE BOARD	1.00	Director	$2,856	$0	$2,856
KHALID SALEEM	EXECUTIVE BOARD	1.00	Director	$2,856	$0	$2,856
JESSE NARANJO	EXECUTIVE BOARD	1.00	Director	$2,856	$0	$2,856
SCOTT STEELMAN	EXECUTIVE BOARD	1.00	Director	$2,856	$0	$2,856
JASON PRASAD	EXECUTIVE BOARD	1.00	Director	$2,364	$0	$2,364
MATTHEW MEREDITH	Vice President	1.00	Officer	$2,285	$0	$2,285
MITCHELL NEWMAN	Treasurer	1.00	Officer	$2,285	$0	$2,285
SCOTT EDWARDS	EXAM BOARD	1.00	Director	$1,508	$0	$1,508
CHRISTOPHER GRIFFITH	EXAM BOARD	1.00	Director	$1,317	$0	$1,317
BREANNA MCKAY	EXAM BOARD	1.00	Director	$1,219	$0	$1,219
WILLIAM MCKEE	EXAM BOARD	1.00	Director	$492	$0	$492
DAVID POOL	EXAM BOARD	1.00	Director	$492	$0	$492
MELISSA PORUPSKY	EXAM BOARD	1.00	Director	$492	$0	$492
TROY TAKARA	EXAM BOARD	1.00	Director	$492	$0	$492
ERIN GIBBONS	EXAM BOARD	1.00	Director	$394	$0	$394

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	$8,724,710	$7,088,201	$11,924,528	$1,636,509
2024	$7,266,089	$6,330,003	$10,276,113	$936,086
2023	$7,002,254	$5,885,432	$10,752,798	$1,116,822
2022	$5,862,668	$5,500,553	$9,680,316	$362,115
2021	$6,384,221	$4,736,464	$9,380,135	$1,647,757
2020	$5,720,132	$5,004,690	$7,785,309	$715,442
2019	$4,318,894	$4,453,184	$7,065,466	$-134,290

INTL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 340