INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 234 (EIN 941718144) - 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

1970

Legal Domicile

Principal Officer

JOSE MUNOZ

Phone

8316332311

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 234, founded in 1970, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

UNITE MEMBERS FOR THE PURPOSE OF IMPROVING ECONOMIC ADVANTAGES THROUGH COLLECTIVE BARGAINING AND TO PROMOTE THE EDUCATION AND SOCIAL AWARENESS 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 $0

Program Service Revenue $1,592,468

Investment Income $34,455

Other Revenue $23,636

TOTAL REVENUE $1,650,559

Expense Breakdown

Grants Paid $314,043

Salaries & Benefits $970,698

Fundraising Expenses $0

Other Expenses $865,087

TOTAL EXPENSES $2,149,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,650,559	$1,928,662	-0.1%
Expenses	$2,149,828	$2,636,569	-0.2%
Net Income	$-499,269	$-707,907	-0.3%

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

$521,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL GUTIERREZ	BUSINESS MANAGER	40.0	Officer	$197,715	$63,339	$261,054
JORGE SUAREZ	ASST BUS MGR/E-BOARD	40.0	Officer	$174,889	$62,655	$237,544
HENRY CORTEZ	ORGANIZER	40.0	Highest	$151,810	$61,962	$213,772
ANDREW HARTMANN	PRESIDENT	1.0	Officer	$6,255	$0	$6,255
ENRIQUE RAMOS	TREASURER	1.0	Officer	$6,255	$0	$6,255
STEPHEN SLOVACEK	RECORDING SECRETARY	1.0	Officer	$4,590	$0	$4,590
JONATHON MARQUEZ	VICE PRESIDENT	1.0	Officer	$3,128	$0	$3,128
NICHOLAS PRELGOVISK	EXECUTIVE BOARD	1.0	Officer	$1,564	$0	$1,564
NICK JACKSON	EXECUTIVE BOARD	1.0	Officer	$1,564	$0	$1,564
JOHN AGRA	EXECUTIVE BOARD	1.0	Officer	$0	$0	$0

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	$1,650,559	$2,149,828	$1,028,117	$-499,269
2023	$1,928,662	$2,636,569	$1,530,677	$-707,907
2022	$2,187,286	$1,771,803	$2,235,703	$415,483
2021	$1,564,838	$1,465,985	$2,726,667	$98,853
2020	$1,572,858	$1,544,380	$2,756,082	$28,478
2019	$1,807,543	$1,789,409	$2,734,424	$18,134
2018	$1,952,263	$1,256,195	$2,726,615	$696,068

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 234