INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 47 (EIN 951570434) - 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

1948

Legal Domicile

Principal Officer

COLIN LAVIN

Phone

9098604239

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 47, founded in 1948, is a mid-sized nonprofit that reported $31.4M in total revenue in fiscal year 2024. Expenses of $30.1M left a modest 4% surplus.

Mission

UNITE MEMBERS INTO ONE ORGANIZATION 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 $30,796,729

Investment Income $500,262

Other Revenue $58,770

TOTAL REVENUE $31,355,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,287,687

Fundraising Expenses $0

Other Expenses $16,754,743

TOTAL EXPENSES $30,072,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,355,761	$29,684,763	+0.1%
Expenses	$30,072,888	$35,522,868	-0.2%
Net Income	$1,282,873	$-5,838,105	-1.2%

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

$422,037

Total Directors

$458,571

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN LAVIN	BUS. MGR./FIN. SEC'Y	40.0	Officer Director	$337,306	$79,594	$416,900
Terrance Bynum	Senior Asst. Bus. Mgr.	40.0	Highest	$324,665	$82,126	$406,791
MIKE MOORE	Senior Asst. Bus. Mgr.	40.0	Highest	$317,042	$75,276	$392,318
CHRISTOPHER PORTER	ASST. BUSINESS MANAGER	40.0	Highest	$305,974	$73,117	$379,091
STAN STOSEL	SENIOR ASST. BUSINESS MANAGER	40.0	Highest	$304,090	$73,333	$377,423
JOHN BACA	SENIOR ASST. BUS. MGR.	40.0	Highest	$304,073	$58,859	$362,932
LARRY LOPEZ JR	EXECUTIVE BOARD	2.5	Director	$26,045	$0	$26,045
NICHOLAS WALLENCHECK	VICE PRESIDENT	2.0	Officer Director	$4,515	$0	$4,515
TIM BILLMAN	EXAMINING BOARD	2.0	Director	$2,965	$0	$2,965
NATY SOTO	EXECUTIVE BOARD	2.5	Director	$2,580	$0	$2,580
SCOTT KNUDTSON	EXAMINING BOARD	2.0	Director	$2,568	$0	$2,568
CRAIG OGDEN	EXAMINING BOARD	2.0	Director	$2,376	$0	$2,376
Rafael Gomez	President	3.0	Officer Director	$622	$0	$622
GREGORY VETTER	EXECUTIVE BOARD	1.0	Director	$0	$0	$0
WILLIE RIOS	EXECUTIVE BOARD	2.5	Director	$0	$0	$0
SHANE SULLIVAN	RECORDING SECRETARY	1.0	Officer Director	$0	$0	$0
RON BAKER	EXECUTIVE BOARD	2.5	Director	$0	$0	$0
DAVE AGUON	EXECUTIVE BOARD	2.5	Director	$0	$0	$0
ROBERT MADRIGAL	TREASURER	1.0	Officer Director	$0	$0	$0
GERAD COBURN	EXECUTIVE BOARD	2.5	Director	$0	$0	$0
Greg Davis	Executive Board	2.5	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
2025	No data	No data	No data	No data
2024	$31,355,761	$30,072,888	$21,258,542	$1,282,873
2023	$29,684,763	$35,522,868	$20,340,533	$-5,838,105
2022	$29,351,231	$33,081,226	$24,287,808	$-3,729,995
2021	$29,198,354	$25,652,055	$27,839,331	$3,546,299
2020	$28,358,859	$21,706,755	$24,223,149	$6,652,104
2019	$26,253,078	$22,287,761	$17,565,707	$3,965,317
2018	$20,707,288	$19,463,671	$10,018,524	$1,243,617

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO 47