IBEW LOCAL 1049 LINE CLEARANCE TREE TRIMMING SKILL IMPROVEMENT FUND (EIN 116404396) - 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 LINE CLEARANCE TREE TRIMMING SKILL IMPROVEMENT FUND, founded in 1992, is a micro nonprofit in the Employment sector that reported $97K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE TRAINING, RETRAINING, IMPROVEMENT OF SKILLS AND OTHER BENEFITS TO ELIGIBLE CLEARANCE TREE TRIMMERS.

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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 $130,268

Investment Income $-35,790

Other Revenue $2,308

TOTAL REVENUE $96,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $59,583

TOTAL EXPENSES $108,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,786	$134,393	-0.3%
Expenses	$108,265	$101,675	+0.1%
Net Income	$-11,479	$32,718	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK GIORDANO	Trustee	1.00	Director	$0	$0	$0
BRIAN FUGE	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

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	$96,786	$108,265	$928,839	$-11,479
2022	$134,393	$101,675	$872,908	$32,718
2021	$69,864	$118,200	$909,923	$-48,336
2020	$145,036	$87,987	$955,305	$57,049
2019	$135,707	$93,517	$900,392	$42,190
2018	$146,554	$105,254	$857,729	$41,300

IBEW LOCAL 1049 LINE CLEARANCE TREE TRIMMING SKILL IMPROVEMENT FUND