International Brotherhood of Electrical Workers Local 332 (EIN 940577280) - 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

1912

Legal Domicile

Principal Officer

PETER SEABERG

Phone

4082694332

Tax Period

2024-01-01 to 2024-12-31

International Brotherhood of Electrical Workers Local 332, founded in 1912, 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 $4.9M, a strong 20% operating margin.

Mission

TO IMPROVE THE WELFARE AND WORKING CONDITIONS OF ITS MEMBERSHIP.

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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 $54,563

Program Service Revenue $20,166,488

Investment Income $4,248,217

Other Revenue $228,631

TOTAL REVENUE $24,697,899

Expense Breakdown

Grants Paid $66,680

Salaries & Benefits $4,648,819

Fundraising Expenses $0

Other Expenses $15,077,678

TOTAL EXPENSES $19,793,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,697,899	$22,327,012	+0.1%
Expenses	$19,793,177	$18,745,773	+0.1%
Net Income	$4,904,722	$3,581,239	+0.4%

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

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

$892,564

Total Directors

$1,167,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAVIER M CASILLAS	BUSINESS MGR/FINCL SECR	40.0	Officer	$300,933	$132,312	$433,245
NATHAN MORRIS	BUSINESS AGENT	40.0	Highest	$255,699	$149,295	$404,994
BASIL ROMERO	E-BOARD MEMBER	5.0	Director	$252,770	$149,395	$402,165
PETE SEABERG	PRESIDENT	40.0	Officer	$256,686	$135,579	$392,265
CHRISTOPHER MAAG	BUSINESS AGENT	40.0	Highest	$253,998	$137,151	$391,149
PETER HUBER	BUSINESS AGENT	40.0	Highest	$247,952	$138,091	$386,043
DANIEL SULLIVAN	E-BOARD MEMBER	5.0	Director	$237,857	$135,628	$373,485
WILLIE SMITH	E-BOARD MEMBER	5.0	Director	$247,839	$124,111	$371,950
GIL RAMIREZ	BUSINESS AGENT	40.0	Highest	$147,765	$84,635	$232,400
STELLA CHAN	ACCOUNTANT	40.0	Highest	$146,379	$24,575	$170,954
RYAN SERENE	RECORDING SECRETARY	5.0	Officer	$29,228	$14,121	$43,349
KIMBERLY DAVIS	TREASURER	5.0	Officer	$11,826	$5,718	$17,544
JON PAUL WOLFE	E-BOARD MEMBER	5.0	Director	$8,970	$4,338	$13,308
ALEX CARABALLO	VICE PRESIDENT	40.0	Officer	$4,152	$2,009	$6,161
ALYSSA MALLOY	E-BOARD MEMBER	5.0	Director	$3,487	$1,688	$5,175
CRAIG TOMASELLO	TREASURER (PAST)	5.0	Director	$1,061	$172	$1,233

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	$24,697,899	$19,793,177	$113,418,723	$4,904,722
2023	$22,327,012	$18,745,773	$109,955,052	$3,581,239
2022	$22,924,255	$12,887,949	$105,561,673	$10,036,306
2021	$23,624,487	$11,043,085	$95,450,450	$12,581,402
2020	$19,146,386	$11,755,605	$80,208,005	$7,390,781
2019	$21,439,813	$11,827,197	$73,793,624	$9,612,616
2018	$18,430,191	$11,489,789	$62,702,041	$6,940,402

International Brotherhood of Electrical Workers Local 332