Electrical Workers Local #369 Ibew
Nonprofit profile at a glance
- EIN
- 610235275
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Louisville, KY, USA
- Phone
- 5023682568
- Rating confidence
- Limited
Reported finances
- Revenue
- $16,253,956
- Expenses
- $7,206,507
- Assets
- $19,883,865
- Liabilities
- $984,290
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- STEVE PETERS (PRESIDENT)
- BRYAN THOMPSON (VICE PRESIDENT)
Highest reported compensation
- EDWARD DEVINE IV (BUSINESS MGR): $170,113 total reported compensation
- RONALD E GRESHAM JR (TREASURER - ASST BA): $142,142 total reported compensation
- STEVE PETERS (PRESIDENT): $122,162 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To organize all workers in the entire electrical industry in the united states and canada, including all those in public utilities and electrical manufacturing, into local unions, to promote reasonable methods of work, to cultivate feelings of friendship amoung those of our industry, to settle all disputes between employers and employees by arbitration (if possible), to assist each other in sickness or distress, to secure employment, to reduce the hours of daily labor, to secure adequate pay for our work, to seek a higher and higher standard of living, to seek security for the individual, and by legal and proper means to elevate the moral, intellectual and social conditions of our members, their families and dependents, in the interest of a higher standard of citizenship.
What it reported doing in 2024
Represents electrical workers in Kentucky and southern Indiana to improve wages, benefits, and working conditions. The organization negotiates and enforces collective bargaining agreements, administers referral and hiring procedures, resolves grievances, and supports apprenticeship and safety programs to advance members' economic and professional interests.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 69
- Accountability: 91
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 98.5%; rating input score 99; 30th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 55.7%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 2.76; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $170K · 12 people listed · 1 of 6 pay-setting controls reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 28 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.