Ibew Local Union #229

Nonprofit profile at a glance

EIN
230724606
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
York, PA, USA
Phone
7178438368
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$991,236
Expenses
$1,164,422
Assets
$4,590,141
Liabilities
$35,697

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • DAMION KROUT (VICE PRESIDENT)
  • JACOB OSTROM (PRESIDENT/ASSISTANT BUSINESS MANAGER)

Highest reported compensation

  • THOMAS HENCHEY (FINANCIAL SECRETARY/BUSINESS MANAGER): $138,312 total reported compensation
  • EDSON MORALES (EXECUTIVE BOARD): $129,220 total reported compensation
  • JACOB OSTROM (PRESIDENT/ASSISTANT BUSINESS MANAGER): $59,325 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 protect members' rights

What it reported doing in 2024

To preserve and increase work opportunities in the organized electrical construction industry

Operating model

Revenue model
Earned-program. 82% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, 4% for grants, and 22% for affiliated organizations.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 93
  • Accountability: 59
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.2%; rating input score 91
  • Program expense ratio: 79.3%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 76.9%; rating input score 77; 17th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17.5%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 3.94; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 28.2%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 91.2% of revenue deployed · 79.3% of spending went to programs
  • Governance: 10 of 13 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $923K in reported program spending
  • Leadership: top reported pay $138K · 13 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 3 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.

  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.