INT'L BRO OF ELECT WORKERS LOCAL 42 OCCSAFETYHEALTH AND EDUCATION TRUST FD

EIN: 061062697

EAST WINDSOR, CT

Total Revenue
$3,671,678
Total Expenses
$3,361,500
Total Assets
$13,401,052
Net Assets
$13,401,052
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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
1983
Legal Domicile
CT
Principal Officer
MICHAEL TREADWELL
Phone
8606434048
Tax Period
2024-01-01 to 2024-12-31

INT'L BRO OF ELECT WORKERS LOCAL 42 OCCSAFETYHEALTH AND EDUCATION TRUST FD, founded in 1983, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $3.4M left a modest 8% surplus.

Mission

PROVIDE TRAINING AND EDUCATION PROGRAMS FOR EMPLOYEES IN THE OUTSIDE ELECTRICAL INDUSTRY.

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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 $0
Program Service Revenue $3,042,339
Investment Income $617,112
Other Revenue $12,227
TOTAL REVENUE $3,671,678

Expense Breakdown

Grants Paid $0
Salaries & Benefits $904,898
Fundraising Expenses $0
Other Expenses $908,491
TOTAL EXPENSES $3,361,500

Year-over-Year Comparison

2024 2023 Change
Revenue $3,671,678 $3,954,521 -0.1%
Expenses $3,361,500 $3,785,314 -0.1%
Net Income $310,178 $169,207 +0.8%
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
6
Independent Members
5
Employees
15
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
0
$0
Total Directors
6
$339,606
Key Employees
1
$334,599
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH RUBINO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL GILCHRIST CHAIRMAN 1.00
Director
$0 $0 $0
GEORGE TROUTMAN EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
GREG LUTZ LABOR TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL TREADWELL LABOR TRUSTEE 1.00
Director
$13,316 $80,644 $339,606
SCOTT SHANE LABOR TRUSTEE 1.00
Director
$0 $0 $0
NORMAN G HEBERT ADMINISTRATOR 40.00
Key Emp
$249,914 $84,685 $334,599
PATRICK DOWLAND SAFETY & TRAINING ASSISTAN 40.00
Highest
$239,745 $82,655 $322,400
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 $3,671,678 $3,361,500 $13,401,052 $310,178
2023 $3,954,521 $3,785,314 $13,086,073 $169,207
2022 $3,256,422 $2,811,188 $12,713,593 $445,234
2021 $3,885,464 $2,627,469 $12,268,359 $1,257,995
2020 $4,343,768 $2,125,692 $10,994,177 $2,218,076
2019 $3,566,711 $2,003,579 $8,776,101 $1,563,132
2018 $3,445,952 $2,040,082 $7,212,969 $1,405,870
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