Civic Intelligence

Ibew Local 129

EIN 34-6608616 • 501(c)9 • Troy, MI

Profile

Union health & welfare benefits for members

5600 New King Drive Suite 330Troy, MI 48098

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.30x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

85th percentile

0.27x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Asset Growth

93rd percentile

41%

Faster asset growth than 93% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

33%

Faster revenue growth than 84% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$7,195,724

Up $2,097,147 (+41%) from 2024

Liabilities

Up

$2,124,903

Up $672,518 (+46%) from 2024

Net Assets

Up

$5,070,821

Up $1,424,629 (+39%) from 2024

Revenue

Up

$7,818,200

Up $1,957,772 (+33%) from 2024

Expenses

Up

$6,393,571

Up $685,815 (+12%) from 2024

Net Income

Up

$1,424,629

Up $1,271,957 (+833%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,721,271Liabilities 2011: $0Net Assets 2011: $2,721,2712011Assets 2012: $5,059,103Liabilities 2012: $116,058Net Assets 2012: $4,943,0452012Assets 2013: $5,349,119Liabilities 2013: $298,201Net Assets 2013: $5,050,9182013Assets 2014: $5,953,935Liabilities 2014: $336,964Net Assets 2014: $5,616,9712014Assets 2015: $6,287,865Liabilities 2015: $517,879Net Assets 2015: $5,769,9862015Assets 2016: $6,214,675Liabilities 2016: $760,182Net Assets 2016: $5,454,4932016Assets 2017: $5,098,614Liabilities 2017: $674,647Net Assets 2017: $4,423,9672017Assets 2018: $4,226,439Liabilities 2018: $726,331Net Assets 2018: $3,500,1082018Assets 2019: $4,225,510Liabilities 2019: $76,389Net Assets 2019: $4,149,1212019Assets 2020: $4,417,951Liabilities 2020: $53,926Net Assets 2020: $4,364,0252020Assets 2021: $4,518,258Liabilities 2021: $124,199Net Assets 2021: $4,394,0592021Assets 2022: $4,243,235Liabilities 2022: $260,923Net Assets 2022: $3,982,3122022Assets 2023: $4,569,842Liabilities 2023: $279,443Net Assets 2023: $4,290,3992023Assets 2024: $5,098,577Liabilities 2024: $1,452,385Net Assets 2024: $3,646,1922024Assets 2025: $7,195,724Liabilities 2025: $2,124,903Net Assets 2025: $5,070,8212025

Highlighted filing

2025

Assets$7,195,724
Liabilities$2,124,903
Net Assets$5,070,821

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $3,406,4962011Expenses 2012: $3,464,3152012Expenses 2013: $3,908,8682013Revenue 2014: $4,304,586Expenses 2014: $3,738,533Net Income 2014: $566,0532014Revenue 2015: $4,497,203Expenses 2015: $4,344,188Net Income 2015: $153,0152015Revenue 2016: $4,831,110Expenses 2016: $5,146,603Net Income 2016: -$315,4932016Revenue 2017: $4,135,365Expenses 2017: $5,165,891Net Income 2017: -$1,030,5262017Revenue 2018: $4,384,020Expenses 2018: $5,307,879Net Income 2018: -$923,8592018Revenue 2019: $5,087,877Expenses 2019: $5,001,231Net Income 2019: $86,6462019Revenue 2020: $5,048,677Expenses 2020: $4,833,773Net Income 2020: $214,9042020Revenue 2021: $4,629,792Expenses 2021: $4,599,758Net Income 2021: $30,0342021Revenue 2022: $5,290,595Expenses 2022: $5,702,342Net Income 2022: -$411,7472022Revenue 2023: $5,754,725Expenses 2023: $5,446,638Net Income 2023: $308,0872023Revenue 2024: $5,860,428Expenses 2024: $5,707,756Net Income 2024: $152,6722024Revenue 2025: $7,818,200Expenses 2025: $6,393,571Net Income 2025: $1,424,6292025

Highlighted filing

2025

Revenue$7,818,200
Expenses$6,393,571
Net Income$1,424,629

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.20$2.12$5.07$7.82$6.39$1.42
2024Detailed filing. Detailed filing data is available for this year.$5.10$1.45$3.65$5.86$5.71$0.15
2023Detailed filing. Detailed filing data is available for this year.$4.57$0.28$4.29$5.75$5.45$0.31
2022Detailed filing. Detailed filing data is available for this year.$4.24$0.26$3.98$5.29$5.70$0.41
2021Detailed filing. Detailed filing data is available for this year.$4.52$0.12$4.39$4.63$4.60$0.03
2020Detailed filing. Detailed filing data is available for this year.$4.42$0.05$4.36$5.05$4.83$0.21
2019Detailed filing. Detailed filing data is available for this year.$4.23$0.08$4.15$5.09$5.00$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.23$0.73$3.50$4.38$5.31$0.92
2017Detailed filing. Detailed filing data is available for this year.$5.10$0.67$4.42$4.14$5.17$1.03
2016Detailed filing. Detailed filing data is available for this year.$6.21$0.76$5.45$4.83$5.15$0.32
2015Detailed filing. Detailed filing data is available for this year.$6.29$0.52$5.77$4.50$4.34$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.95$0.34$5.62$4.30$3.74$0.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.30$5.05$3.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.06$0.12$4.94$3.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.00$2.72$3.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Feb 4, 2026
Return Version
2024v5.0
Gross Receipts
$7,818,200
Mission and Program Overview

Mission

Union health & welfare benefits for members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,646,192$5,070,821▲ $1,424,629
Investments in Publicly Traded Securities$2,573,620$3,861,639▲ $1,288,019
Cash and Non-Interest-Bearing Accounts$1,849,028$1,992,561▲ $143,533
Accounts Receivable$654,910$1,341,524▲ $686,614
Prepaid Expenses and Deferred Charges$21,019--
Total Assets$5,098,577$7,195,724▲ $2,097,147
Liabilities
Other Liabilities$943,770$1,279,145▲ $335,375
Accounts Payable and Accrued Expenses$508,615$845,758▲ $337,143
Total Liabilities$1,452,385$2,124,903▲ $672,518
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,646,192$5,070,821▲ $1,424,629
Total Liabilities and Net Assets / Fund Balance$5,098,577$7,195,724▲ $2,097,147
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marc SchueszlerChairman
Dean AslanisTrustee
John NovakTrustee
Michael RusselleTrustee
Toby CallihanTrustee
Jim DeckertAssistant Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,613,198
Investment Income
$205,002
Other Revenue
$0
Change in Net Assets
$1,424,629

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,807,654
Revenue Not Reported on Financial Statements
$10,546
Total Revenue per Audited Statements
$7,807,654
Total Revenue per Form 990
$7,818,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$606,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$5,787,448
Fees for Services Management---$399,619
Fees for Services Accounting---$53,458
Fees for Services Legal---$52,934
Fees for Services Other---$51,832
Conferences and Meetings---$26,325
Fees for Service Investment Mgmnt Fees---$10,546
Information Technology---$5,297
Insurance---$3,777
Office Expenses---$2,335
Total Functional Expenses$0$0$0$6,393,571

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,393,571
Expenses per Audited Statements$6,383,025
Total Expenses per Audited Statements$6,383,025
Expenses Not Reported on Financial Statements$10,546
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Veba Liability$1,279,145
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Classes of members or stockholders ibew local 129 members as well as all other contractors who sign the collective bargaining agreement are members.

Form 990, Page 6, Part VI, Line 7A

Electioon of members and their rights all members are elected

Form 990, Page 6, Part VI, Line 7B

Decision subject to approval of members the collective bargaining agreement requires a majority of the members of ibew local 129 voting for the agreement to be effective and the approval of the majority of participating contractors.

Form 990, Page 6, Part VI, Line 11B

Copies of the 990 are provided to trustees

Form 990, Page 6, Part VI, Line 12C

Conflicts are reviewed annually in accordance with the conflict of interest policy

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Ibew Local 129
EIN
34-6608616
Phone
4402337156
Address
5600 NEW KING DRIVE SUITE 330, TROY, MI 48098

Signing Officer

Name
Heather Carman
Title
Plan Administrator
Phone
2486632449
Signed
2026-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Carman
Formed
1963
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Dg Perry Pllc
Address
3711 STARRS CENTRE DR, CANFIELD, OH 44406
Preparer
Bruce Flyak CPA
Phone
3307028100
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

N/A

Raw XML Appendix293 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASSES OF MEMBERS OR STOCKHOLDERS IBEW LOCAL 129 MEMBERS AS WELL AS ALL OTHER CONTRACTORS WHO SIGN THE COLLECTIVE BARGAINING AGREEMENT ARE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTIOON OF MEMBERS AND THEIR RIGHTS ALL MEMBERS ARE ELECTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISION SUBJECT TO APPROVAL OF MEMBERS THE COLLECTIVE BARGAINING AGREEMENT REQUIRES A MAJORITY OF THE MEMBERS OF IBEW LOCAL 129 VOTING FOR THE AGREEMENT TO BE EFFECTIVE AND THE APPROVAL OF THE MAJORITY OF PARTICIPATING CONTRACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE 990 ARE PROVIDED TO TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONFLICTS ARE REVIEWED ANNUALLY IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HEATHER CARMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PLAN ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02486632449
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IBEW LOCAL 129
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HEALTH & WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0IBEW
ReturnHeader/Filer/EIN0346608616
ReturnHeader/Filer/PhoneNum04402337156
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03711 STARRS CENTRE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CANFIELD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044406
ReturnHeader/PreparerPersonGrp/PhoneNum03307028100
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE FLYAK CPA
ReturnHeader/ReturnTs02026-02-04T13:42:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-05-01
ReturnHeader/TaxPeriodEndDt02025-04-30
ReturnHeader/TaxYr02024

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