LOCAL 2222 IBEW BENEVOLENT FUND TR

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

Kevin J Holland

Phone

6179296000

Tax Period

2024-01-01 to 2024-12-31

LOCAL 2222 IBEW BENEVOLENT FUND TR, founded in 1999, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $36K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $41K exceeded revenue, resulting in a 15% operating deficit.

Mission

Raises money to help support worthwhile community and other projects that need funding such as school sports teams, police and fire department causes, scholarships and disease research.

Program Service Accomplishments

Program 1

Expenses: $4,500 Revenue: $6,296

Local 2222 IBEW Benevolent Fund raised money during our Holiday Donation drive. All money received specifically for the Housing Families organization was disbursed to this organization. This...

Local 2222 IBEW Benevolent Fund raised money during our Holiday Donation drive. All money received specifically for the Housing Families organization was disbursed to this organization. This worthwhile organization was founded to end family homelessness and offers shelter and supportive services. The Benevolent Fund also donated to their Canobie Lake Outing and their Annual Breakfast.

Program 2

Expenses: $32,793 Revenue: $4,362

Local Union 2222 Benevolent Fund Trust donated $32,793.19 to various charities and causes in 2024 from donations to our organization and the Jack O'Shea Golf Tournament proceeds.

Program 3

Expenses: $3,500 Revenue: $4,166

Local 2222 Benevolent Fund raised money for " Bread of Life" during our Holiday Drive. All money raised was disbursed to Bread of Life. This worthwhile organization is a nonprofit, nondenominational, faith-based food security organization based in Malden, MA that provides over 1.5 million pounds of free food a year for economically struggling and disadvantaged families, individuals, youth and senior citizens in the North metro Boston area.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $30,199

Program Service Revenue $0

Investment Income $19

Other Revenue $5,463

TOTAL REVENUE $35,681

Expense Breakdown

Grants Paid $40,793

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,793

Other Expenses $413

TOTAL EXPENSES $41,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,681	$38,181	-0.1%
Expenses	$41,206	$33,046	+0.2%
Net Income	$-5,525	$5,135	-2.1%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$305,491

Total Directors

$246,180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN J HOLLAND	PRESIDENT TRUSTEE	4	Officer Director	$0	$8,607	$185,056
PAUL G ENGLISH	TRUSTEE/TREASURER	1.00	Officer	$0	$1,678	$58,650
JULIO D DE LA CRUZ	TRUSTEE/VICE PRESIDENT	0.50	Officer Director	$0	$0	$19,758
KEITH R BONASORO	TRUSTEE	0.50	Officer Director	$0	$0	$17,467
DONNA M BOHAN	TRUSTEE/TREASURER	0.50	Officer Director	$0	$0	$4,686
JEFFREY N ORENDER	TRUSTEE	0.5	Officer Director	$0	$0	$4,119
ROBERT J CINELLI	TRUSTEE	0.50	Officer Director	$0	$0	$3,944
JANELLE M QUINN	TRUSTEE	0.50	Officer Director	$0	$0	$3,139
FRANCIS E HERNON	TRUSTEE	0.50	Officer Director	$0	$0	$3,128
HEATHER L REARDON	TRUSTEE	0.50	Officer Director	$0	$0	$3,003
MICHAEL H AGULNICK	TRUSTEE	1.00	Officer Director	$0	$0	$1,880
JOHN J KENT	EXECUTIVE BOARD MEMBER	0.25	Officer	$0	$0	$661

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
2025	No data	No data	No data	No data
2024	$35,681	$41,206	$35,654	$-5,525
2023	$38,181	$33,046	$41,179	$5,135
2022	$35,663	$29,568	$36,044	$6,095
2021	$36,698	$24,548	$29,949	$12,150
2020	$17,282	$25,563	$17,799	$-8,281