INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1245 (EIN 940938402) - 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

1951

Legal Domicile

Principal Officer

ROBERT DEAN

Phone

7074522700

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1245, founded in 1951, is a mid-sized nonprofit that reported $67.2M in total revenue in fiscal year 2024. The organization ran a surplus of $17.1M, a strong 25% operating margin.

Mission

TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION 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 (2024)

Revenue Breakdown

Contributions & Grants $412,805

Program Service Revenue $62,744,459

Investment Income $4,078,020

Other Revenue $0

TOTAL REVENUE $67,235,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,087,806

Fundraising Expenses $0

Program Expenses $50,173,862

Other Expenses $21,086,056

TOTAL EXPENSES $50,173,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,235,284	$65,347,596	+0.0%
Expenses	$50,173,862	$47,461,477	+0.1%
Net Income	$17,061,422	$17,886,119	0.0%

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

Employees

103

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

$466,987

Total Directors

$26,067

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE GONZALEZ	TRUSTEE	1.00	Director	$1,600	$0	$1,600
MICHAEL PATTERSON	TRUSTEE	1.00	Director	$1,250	$0	$1,250
ALVIN DAYOAN	TRUSTEE	1.00	Director	$23,217	$0	$23,217
CECILIA DE LA TORRE	PRESIDENT	1.00	Officer	$2,210	$0	$2,210
RACHEL SEGALE	RECORDING SECRETARY	1.00	Officer	$2,210	$0	$2,210
TOM CORNELL	TREASURER	1.00	Officer	$2,210	$0	$2,210
GARY MASHINO	EXECUTIVE BOARD	1.00	Officer	$1,700	$0	$1,700
STEVEN SEGALE	EXECUTIVE BOARD	1.00	Officer	$1,700	$0	$1,700
JEREMY WINN	EXECUTIVE BOARD	1.00	Officer	$1,600	$0	$1,600
WILLIAM GARRIS	VICE PRESIDENT	1.00	Officer	$1,950	$0	$1,950
SCOTT HUDELSON	EXECUTIVE BOARD	1.00	Officer	$1,700	$0	$1,700
RYAN MORRIS	EXECUTIVE BOARD	1.00	Officer	$1,500	$0	$1,500
STEVEN RAMIREZ	EXECUTIVE BOARD	1.00	Officer	$800	$0	$800
ROBERT DEAN	BUSINESS MANAGER/FIN. SEC.	52.00	Officer	$423,955	$0	$423,955
STEVE LANGE	EXECUTIVE BOARD	1.00	Officer	$25,452	$0	$25,452
RALPH ARMSTRONG JR	SR. ASST BUSINESS MGR	52.00	Highest	$362,951	$0	$362,951
ALFRED FORTIER	BUSINESS REP	52.00	Highest	$393,934	$0	$393,934
RAY BANFILL	BUSINESS REP	52.00	Highest	$351,139	$0	$351,139
DOUGLAS GIROUARD	ASST. BUSINESS MGR.	52.00	Highest	$421,432	$0	$421,432
PATRICK DUFFY	SR. ASST. BUS. REP.	52.00	Highest	$349,612	$0	$349,612

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	$67,235,284	$50,173,862	$102,193,061	$17,061,422
2023	$65,347,596	$47,461,477	$85,743,573	$17,886,119
2022	$61,464,083	$44,136,360	$67,028,092	$17,327,723
2021	$54,198,880	$37,501,156	$50,552,383	$16,697,724
2020	$49,071,423	$36,874,631	$33,283,826	$12,196,792
2019	$49,112,254	$39,903,806	$20,639,702	$9,208,448
2018	$35,498,102	$38,499,462	$10,626,588	$-3,001,360

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 1245