INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 40 (EIN 950865965) - 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

1923

Legal Domicile

Principal Officer

STEPHAN DAVIS

Phone

8187624239

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 40, founded in 1923, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO UNITE MEMBERS IN A MANNER TO PROMOTE ECONOMIC ADVANTAGES AND working CONDITIONS THROUGH THE COLLECTIVE BARGAINING PROCESS AND RAISE JOB AWARENESS WITHIN THE INDUSTRY.

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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 $2,128,564

Investment Income $28,055

Other Revenue $311,871

TOTAL REVENUE $2,468,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,305,420

Fundraising Expenses $0

Other Expenses $1,422,416

TOTAL EXPENSES $2,736,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,468,490	$2,500,556	0.0%
Expenses	$2,736,092	$2,323,731	+0.2%
Net Income	$-267,602	$176,825	-2.5%

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

$734,204

Total Directors

$743,677

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHAN R DAVIS	BUS. MGR./FIN. SEC'Y	45.0	Officer Director	$186,624	$34,702	$221,326
JUAN M RODRIGUEZ JR	PRESIDENT/ORGANIZER	45.0	Officer Director	$142,657	$29,313	$171,970
JESUS BARRON	EXECUTIVE BOARD	45.0	Officer Director	$136,130	$31,217	$167,347
JOSE L MEZA	EXECUTIVE BOARD/ORGANIZER	1.0	Officer Director	$154,215	$13,051	$167,266
EDGARDO FIGUEROA	EXECUTIVE BOARD	1.0	Director	$4,609	$0	$4,609
XAVIER MARQUEZ	TREASURER	1.0	Officer Director	$3,575	$0	$3,575
DAVID MELCHER	VICE PRESIDENT	1.0	Officer Director	$2,720	$0	$2,720
LANE L STEWART	REC. SECRETARY	1.0	Director	$2,414	$0	$2,414
JOSHUA GELLER	EXECUTIVE BOARD	1.0	Director	$1,450	$0	$1,450
PETER DIAMOND	EXECUTIVE BOARD	45.0	Director	$650	$0	$650
DAVE GONZALEZ	EXAMINING BOARD	1.0	Director	$350	$0	$350
JOSEPH RODRIGUEZ	EXECUTIVE BOARD	1.0	Director	$0	$0	$0
MARIO MUNOZ	EXAMINING BOARD	1.0	Director	$0	$0	$0
MICHAEL ROBINSON	EXAMINING BOARD	1.0	Director	$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	$2,468,490	$2,736,092	$1,064,940	$-267,602
2023	$2,500,556	$2,323,731	$1,232,174	$176,825
2022	$2,514,045	$2,241,261	$1,050,094	$272,784
2021	$1,820,541	$1,718,113	$806,572	$102,428
2020	$1,631,692	$1,715,439	$662,757	$-83,747
2019	$1,923,353	$1,961,358	$744,940	$-38,005
2018	$1,701,576	$1,592,125	$781,326	$109,451

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 40