IBEW LOCAL UNION 697 SUB FUND (EIN 030545014) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

FELIPE HERNANDEZ

Phone

2198454433

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL UNION 697 SUB FUND, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $485K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $126K, a strong 26% operating margin.

Mission

PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $384,103

Investment Income $99,855

Other Revenue $842

TOTAL REVENUE $484,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,349

Fundraising Expenses $0

Other Expenses $285,766

TOTAL EXPENSES $358,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,800	$553,791	-0.1%
Expenses	$358,789	$299,424	+0.2%
Net Income	$126,011	$254,367	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$244,666

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM CORSIGLIA	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD SHIKANY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL WALDROP	TRUSTEE	1.00	Director	$0	$0	$0
RICK ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM WALTON JR	TRUSTEE	1.00	Director	$0	$0	$0
ALEC DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
FELIPE HERNANDEZ	TRUSTEE	1.00	Director	$0	$66,084	$241,010
FRANK MIKOLAJCZKY	TRUSTEE	1.00	Director	$0	$1,348	$3,656

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$484,800	$358,789	$2,764,509	$126,011
2023	$553,791	$299,424	$2,642,242	$254,367
2022	$541,525	$144,762	$2,308,453	$396,763
2021	$459,049	$231,610	$1,992,017	$227,439
2020	$281,693	$813,878	$1,777,315	$-532,185

IBEW LOCAL UNION 697 SUB FUND