IBEW LOCAL UNION 90 BENEFIT FUND (EIN 060712954) - 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

1952

Legal Domicile

Principal Officer

SEAN DALY

Phone

2032697741

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL UNION 90 BENEFIT FUND, founded in 1952, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2023. Expenses of $9.6M left a modest 4% surplus.

Mission

PROVIDES MEDICAL, DENTAL, DRUG, AND DISABILITY BENEFITS FOR MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,940,559

Investment Income $80,177

Other Revenue $0

TOTAL REVENUE $10,020,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,937,656

Other Expenses $1,810,102

TOTAL EXPENSES $9,639,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,020,736	$10,260,359	0.0%
Expenses	$9,639,941	$11,301,996	-0.1%
Net Income	$380,795	$-1,041,637	-1.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MOCONYI	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM MACKEY	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS GRENNAN	TRUSTEE	2.00	Director	$0	$0	$0
SEAN DALY	TRUSTEE	2.00	Director	$0	$0	$0
JOHN BELLEMARE	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM BROOKS	TRUSTEE	2.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$10,020,736	$9,639,941	$5,659,900	$380,795
2022	$10,260,359	$11,301,996	$5,664,186	$-1,041,637
2021	$8,652,646	$9,881,096	$6,533,637	$-1,228,450
2020	$8,766,433	$9,002,265	$7,248,721	$-235,832
2019	$9,658,594	$9,735,662	$6,737,139	$-77,068
2018	$8,532,932	$9,010,818	$6,537,010	$-477,886

IBEW LOCAL UNION 90 BENEFIT FUND