International Brotherhood L1040

Nonprofit profile at a glance

EIN
060669593
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
Newington, CT, USA
Phone
8604169402
Rating
45
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$154,527
Expenses
$137,860
Assets
$24,872
Liabilities
$3,303

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

Leadership & pay

9 people listed

Executive titles in this filing

  • ED HEINZE (PRESIDENT (P))
  • RAY CHUPAS (VICE PRESIDENT)

People named in this filing

  • DONALD MCNAMARA (RECORDING SECRETARY)
  • ED HEINZE (PRESIDENT (P))
  • LISA FOLEY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The members of local union 1040, ibew will endeavor to foster and nurture a productive work environment that promotes the spirit of unity and provides an atmosphere that respects the individual strengths of each member. We recognize that each member's unique strengths contribute to the overall efficiency and strength of our union. By working cooperatively with management, we seek to resolve any issues that may arise in the ever-changing business environment that would interfere with our common goal of providing energy and its related products by the workforce herein comprised.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 21
  • Transparency & Controls: 82
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.7%; rating input score 33
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 10.8%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 35%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -2.1% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 32.7% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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 — Financial Efficiency: Mission deployment rate scored 33/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.