LOCAL 2222 IBEW BENEVOLENT FUND TR

EIN: 043490716 501(c)(3) Philanthropy & Grantmaking

Quincy, MA

Total Revenue
$35,681
Total Expenses
$41,206
Total Assets
$35,654
Net Assets
$35,654
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MA
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 projects that need funding, such as, sponsoring school sports teams, police and fire department causes and various disease research, etc.

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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%)

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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
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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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
15

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
12
$305,491
Total Directors
10
$246,180
Key Employees
0
$0
Highest Compensated
0
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
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