IBEW LOCAL 617

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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

1909

Legal Domicile

Principal Officer

SCOTT WEIN

Phone

6505744239

Tax Period

2023-07-01 to 2024-06-30

IBEW LOCAL 617, founded in 1909, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 21% operating margin.

Mission

TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

TO ORGANIZE ALL WORKERS AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS 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 $0

Program Service Revenue $7,924,024

Investment Income $1,013,097

Other Revenue $0

TOTAL REVENUE $8,937,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,541,887

Fundraising Expenses $0

Other Expenses $3,486,035

TOTAL EXPENSES $7,027,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,937,121	$7,546,657	+0.2%
Expenses	$7,027,922	$6,464,842	+0.1%
Net Income	$1,909,199	$1,081,815	+0.8%

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

$310,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GOMEZ	VICE PRESIDENT	3.00	Officer	$11,362	$0	$11,362
ALAN SHEEHAN	PRESIDENT	5.00	Officer	$21,244	$0	$21,244
SCOTT WEIN	BUSINESS MANAGER	48.00	Officer	$236,912	$0	$236,912
SAAGAR BAKSHI	RECORD SEC/TREA	1.00	Officer	$17,840	$0	$17,840
PAUL BUISSIERE	EXECUTIVE BOARD	1.00	Officer	$3,350	$0	$3,350
RAMA PEDERSON	EXECUTIVE BOARD	1.00	Officer	$11,608	$0	$11,608
JEREMY RICE	EXECUTIVE BOARD	1.00	Officer	$4,090	$0	$4,090
MAXWELL SCHAUMKEL	EXECUTIVE BOARD	1.00	Officer	$4,090	$0	$4,090
FRANCISCO CASTANO	BUSINESS REP	48.00	Highest	$225,181	$0	$225,181
CHARLES VELLA	BUSINESS REP	48.00	Highest	$225,091	$0	$225,091
STEVEN BOOKER	BUSINESS REP	48.00	Highest	$225,148	$0	$225,148
JOSEPH S FITZGERALD	DISPATCHER	48.00	Highest	$224,955	$0	$224,955
PATRICK D GALLAGHER	BUSINESS REP	48.00	Highest	$225,276	$0	$225,276

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	No data	No data	No data	No data
2024	$8,937,121	$7,027,922	$38,445,702	$1,909,199
2023	$7,546,657	$6,464,842	$35,898,107	$1,081,815
2022	$7,757,440	$5,822,748	$34,572,348	$1,934,692
2021	$8,390,380	$5,723,937	$35,012,735	$2,666,443
2020	$7,875,231	$5,540,653	$30,401,038	$2,334,578
2019	$9,159,401	$5,273,870	$27,103,838	$3,885,531