IBEW LOCAL UNION NO 90 COBRA SUBSI… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

SEAN DALY

Phone

2036246638

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL UNION NO 90 COBRA SUBSIDY BENEFIT FUND, founded in 1992, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Expenses of $20K left a modest 7% surplus.

Mission

THE MISSION IS TO ASSIST MEMBERS OF IBEW LOCAL UNION NO. 90 WHO ARE PAYING FOR HEALTH COVERAGE UNDER COBRA AND ARE UNEMPLOYED.

Program Service Accomplishments

Program 1

THE PLAN ASSISTS MEMBERS OF THE I.B.E.W. LOCAL UNION NO. 90 WHO ARE PAYING FOR HEALTH COVERAGE UNDER COBRA AND ARE UNEMPLOYED.

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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 $0

Investment Income $21,512

Other Revenue $0

TOTAL REVENUE $21,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $19,963

TOTAL EXPENSES $19,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,512	$20,626	+0.0%
Expenses	$19,963	$26,630	-0.3%
Net Income	$1,549	$-6,004	-1.3%

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

N/A

Employees

N/A

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

$394,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN DALY	TRUSTEE	1.00	Director	$0	$71,439	$204,600
JOHN BELLEMARE	TRUSTEE	1.00	Director	$0	$70,628	$189,645

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	$21,512	$19,963	$1,117,285	$1,549
2022	$20,626	$26,630	$1,011,639	$-6,004
2021	$91,510	$16,181	$1,212,328	$75,329
2020	$29,926	$36,444	$1,099,668	$-6,518
2019	$35,750	$14,574	$1,024,073	$21,176
2018	$91,063	$30,773	$907,205	$60,290

IBEW LOCAL UNION NO 90 COBRA SUBSIDY BENEFIT FUND