IBEW LOCAL UNION NO 90 COBRA SUBSIDY BENEFIT FUND

EIN: 061332523

WALLINGFORD, CT

Total Revenue
$21,512
Total Expenses
$19,963
Total Assets
$1,117,285
Net Assets
$1,117,285
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CT
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

TO REIMBURSE PORTION OF UNEMPLOYED MEMBERS'S COBRA MEDICAL INSURANCE PAYMENTS

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

Governance

Voting Members
2
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
0
$0
Total Directors
2
$394,245
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare IBEW LOCAL UNION NO 90 COBRA SUBSIDY BENEFIT FUND with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.