International Brotherhood of Electrical Workers Local 288
Nonprofit profile at a glance
- EIN
- 420328996
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Waterloo, IA, USA
- Phone
- 3192338050
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $683,214
- Expenses
- $598,322
- Assets
- $899,054
- Liabilities
- $5,829
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- DAVID LYCKE (PRESIDENT)
Highest reported compensation
- CHARLES KACHER (BUSINESS MAN): $137,430 total reported compensation
- REED CLABBY (RECORDING SE): $480 total reported compensation
- DAVID LYCKE (PRESIDENT): $450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To organize all electrical workers in the construction industry, to promote goodwill among all of those in our trade, to assist each other in sickness and in distress, to secure employment for our members, to secure adequate pay for our labor, to raise the standard of living for all our members and their families, and to promote a harmonious relationship with our signatory contractors.
What it reported doing in 2025
To collectively represent the members in negotiations, promote worker safety, and promote safe electrical standards for the public.
Operating model
- Revenue model
- Earned-program. 97% 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.4%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 1.5; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 23.3%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: -75% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $137K · 6 people listed
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Officer compensation ratio scored 13/100.