JOINT INDUSTRY BOARD OF THE ELECTR… - 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

1943

Legal Domicile

Principal Officer

HUMBERTO RESTREPO

Phone

7185912000

Tax Period

2023-10-01 to 2024-09-30

JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY, founded in 1943, is a mid-sized nonprofit that reported $59.0M in total revenue in fiscal year 2023.

Mission

To supervise and administer various benefit plans under the terms of the collective bargaining agreements and the related agreements and working rules. The Board also owns 100 percent of its subsidiaries, JIB Realty Corporation, JIB Services and JIB Catering Inc. JIB Realty owns and operates a shopping center facility in Queens, NY. JIB Catering was established to provide support for various approved events. JIB SERVICES HAS EFFECTUATED ITS CURRET TRANSITION FROM A PROFESSIONAL EMPLOYER ORGANIZATION TO A MANAGEMENT SERVICES ORGANIZATION (MSO) AND PROVIDES ALL NON-CLINICAL ADMINISTRATIVE AND MANAGEMENT SUPPORT SERVICES FOR, AND ON BEHALF OF, JIB MEDICAL.

Program Service Accomplishments

Program 1

To supervise and administer various benefit plans under the terms of the collective bargaining agreements and the related agreements and working rules.

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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 $1,840,366

Investment Income $694,446

Other Revenue $56,492,405

TOTAL REVENUE $59,027,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,464,133

Fundraising Expenses $0

Program Expenses $0

Other Expenses $10,769,996

TOTAL EXPENSES $59,234,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,027,217	$56,526,647	+0.0%
Expenses	$59,234,129	$56,544,945	+0.0%
Net Income	$-206,912	$-18,298	+10.3%

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

306

Volunteers

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

$281,092

Total Directors

$325,318

Key Employees

$1,022,839

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Michael Makover	Chief Medical Officer	40	Key Emp	$380,930	$0	$380,930
Chris Sessa	Legal Counsel	40	Key Emp	$342,352	$0	$342,352
Robert Ball	Investment Director	40	Director Highest	$325,318	$0	$325,318
Rise Jacobs	Director of IT	40	Highest	$302,469	$0	$302,469
Scott Feldman	Director of Administration	40	Key Emp	$299,557	$0	$299,557
Nicholas Papapietro	Investment Director	40	Highest	$288,357	$0	$288,357
Jean L'Allier	Director Electrical Employers Self Insurance Safety Plan	40	Highest	$285,565	$0	$285,565
Humberto J Restrepo	Chairman	40	Officer	$281,092	$0	$281,092
Danny Yee	IT Assistant Director	40	Highest	$250,446	$0	$250,446
Stephen Gianotti	Trustee	1	Director	$0	$0	$0
Benjamin Arana	Trustee	1	Director	$0	$0	$0
Robert Amabile	Trustee	1	Director	$0	$0	$0
Steven Lazzaro	Trustee	1	Director	$0	$0	$0
Hal Sokoloff	Trustee	1	Director	$0	$0	$0
William Hofving	Trustee	1	Director	$0	$0	$0
Joseph Proscia	Trustee	1	Director	$0	$0	$0
Robert Olenick	Trustee	1	Director	$0	$0	$0
Thomas Capurso	Trustee	1	Director	$0	$0	$0
Anthony Falleo	Trustee	1	Director	$0	$0	$0
Joseph Santigate	Trustee	1	Director	$0	$0	$0
Lance Van Arsdale	Trustee	1	Director	$0	$0	$0
Ricardo Rollins	Trustee	1	Director	$0	$0	$0
Sandra Milad-Gibson	Trustee	1	Director	$0	$0	$0
Carol Kleinberg	Trustee	1	Director	$0	$0	$0
RICHARD DUVA	Trustee	1	Director	$0	$0	$0
Christopher Erikson	Trustee	1	Director	$0	$0	$0
John Mannino	Trustee	1	Director	$0	$0	$0
David Wardell	Trustee	1	Director	$0	$0	$0
Christopher Erikson Jr	Trustee	1	Director	$0	$0	$0
Ben D'Alessandro	Trustee	1	Director	$0	$0	$0
Kristine DeNapoli	Trustee	1	Director	$0	$0	$0
DAVID SANDS	Trustee	1	Director	$0	$0	$0
Thomas Cleary	Trustee	1	Director	$0	$0	$0
Craig Gilston	Trustee	1	Director	$0	$0	$0
ROBERT SAVILLE	Trustee	1	Director	$0	$0	$0
Anthony Mann	Trustee	1	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	$59,027,217	$59,234,129	$76,807,872	$-206,912
2023	$56,526,647	$56,544,945	$58,795,852	$-18,298
2022	$52,645,128	$52,110,776	$35,444,653	$534,352
2021	$51,807,728	$51,245,199	$28,826,269	$562,529
2020	$49,546,594	$51,642,844	$32,615,319	$-2,096,250
2019	$51,277,891	$57,574,598	$60,799,608	$-6,296,707
2018	$41,111,596	$47,252,545	$53,770,633	$-6,140,949

JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY