INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 441 (EIN 950517002) - 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

1928

Legal Domicile

Principal Officer

NEAL LAUZON

Phone

7149393131

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 441, founded in 1928, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 23% operating margin.

Mission

TO REPRESENT ALL MEMBERS FOR THEIR MORAL, ECONOMIC AND SOCIAL ADVANCEMENT. TO THAT END, THE OFFICERS AND BUSINESS AGENTS OF THE LOCAL COLLECTIVELY BARGAIN WITH EMPLOYERS ON BEHALF OF THE LOCAL'S MEMBERS.

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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 $6,939,222

Investment Income $243,429

Other Revenue $640,403

TOTAL REVENUE $7,823,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,406,482

Fundraising Expenses $0

Other Expenses $2,646,560

TOTAL EXPENSES $6,053,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,823,054	$7,294,989	+0.1%
Expenses	$6,053,042	$5,663,729	+0.1%
Net Income	$1,770,012	$1,631,260	+0.1%

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

$409,095

Total Directors

$22,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL LAUZON	BUS MGR/FIN SEC	40.00	Officer	$223,306	$0	$223,306
JOHN O'NEILL	President	40.00	Officer	$172,965	$0	$172,965
MICHAEL GILLILAND	Treasurer	2.00	Officer	$4,192	$0	$4,192
FRED YOUNG	EXECUTIVE BOARD	2.00	Director	$3,956	$0	$3,956
DAVID ESKANDER	EXECUTIVE BOARD	2.00	Director	$3,847	$0	$3,847
WILLIAM DOWNS	RECORDING SECY	2.00	Director	$3,604	$0	$3,604
JEFFREY JENSEN	EXAMINING BOARD	2.00	Director	$3,509	$0	$3,509
JOSHUA PRUNEAN	Vice President	2.00	Officer	$3,499	$0	$3,499
MIHAI POPSA	EXAMINING BOARD	2.00	Director	$2,818	$0	$2,818
JEFFREY FITZGERALD	EXECUTIVE BOARD	2.00	Officer	$2,690	$0	$2,690
NICHOLAS SPARKS	EXECUTIVE BOARD	2.00	Director	$2,561	$0	$2,561
DENNIS GONZALEZ	EXECUTIVE BOARD	2.00	Officer	$2,443	$0	$2,443
SCOTT GREEN	EXAMINING BOARD	2.00	Director	$1,282	$0	$1,282
PAUL RHOADES	EXAMINING BOARD	2.00	Director	$697	$0	$697

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	$7,823,054	$6,053,042	$11,171,766	$1,770,012
2023	$7,294,989	$5,663,729	$9,400,636	$1,631,260
2022	$4,972,846	$5,772,737	$7,769,203	$-799,891
2021	$5,582,971	$5,025,194	$8,569,311	$557,777
2020	$5,345,178	$4,813,090	$8,011,396	$532,088
2019	$6,621,254	$4,781,184	$7,477,121	$1,840,070
2018	$6,004,308	$4,644,781	$5,637,814	$1,359,527

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 441