IBEW LOCAL 1049 CRAFT DIVISION SKILL IMPROVEMENT FUND (EIN 113078707) - 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

1992

Legal Domicile

Principal Officer

PATRICK GUIDICE III

Phone

6312341803

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 1049 CRAFT DIVISION SKILL IMPROVEMENT FUND, founded in 1992, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $15.8M represent 85 months of operating reserves.

Mission

TO ESTABLISH AND PROMOTE TRAINING AND OTHER RELATED PROGRAMS FOR ELIGIBLE PARTICIPANTS.

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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 $2,186,442

Investment Income $32,214

Other Revenue $10,671

TOTAL REVENUE $2,229,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $811,628

Fundraising Expenses $0

Program Expenses $2,184,634

Other Expenses $249,497

TOTAL EXPENSES $2,434,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,229,327	$1,941,838	+0.1%
Expenses	$2,434,131	$2,440,045	0.0%
Net Income	$-204,804	$-498,207	-0.6%

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
BRYAN HUGHES-GARIEPY	SAFETY DIRECTOR	52.00		$219,755	$94,063	$313,818
Daniel Rossano	INSTRUCTOR	52.00		$167,245	$78,102	$245,347
JEANNINE DEVLIN	DIRECTOR	5.00		$0	$67,827	$238,839
MICHAEL GILCHRIST	Trustee	1.00	Director	$0	$0	$0
JESSICA O'NEILL	Trustee	1.00	Director	$0	$0	$0
JOSEPH HAUGLAND	Trustee	1.00	Director	$0	$0	$0
JAMES BOGEN	Trustee	1.00	Director	$0	$0	$0
Patrick Guidice III	Trustee	1.00	Director	$0	$0	$0
JAMES COOPER	Trustee	1.00	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	$2,229,327	$2,434,131	$15,990,107	$-204,804
2022	$1,941,838	$2,440,045	$15,015,746	$-498,207
2021	$3,796,276	$2,659,210	$17,407,469	$1,137,066
2020	$4,433,329	$2,259,024	$16,067,226	$2,174,305
2019	$3,066,141	$2,074,832	$13,459,624	$991,309
2018	$3,241,878	$2,128,632	$11,697,223	$1,113,246

IBEW LOCAL 1049 CRAFT DIVISION SKILL IMPROVEMENT FUND