PENSION COMM JOINT INDUSTRY BOARD … - 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

1946

Legal Domicile

Principal Officer

HUMBERTO J RESTREPO

Phone

7185912000

Tax Period

2023-10-01 to 2024-09-30

PENSION COMM JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY, founded in 1946, is a major nonprofit that reported $525.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $585.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

The Plan has as its principal activities the collection and investment of funds received from electrical contractors for the purpose of providing medical and other benefits under the terms of a three-year collective bargaining agreement between participating employers and Local Union No 3 of the International Brotherhood of Electrical Contractors, AFL-CIO.

Program Service Accomplishments

Program 1

To provide medical and other benefits to eligible members of the electrical industry.

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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 $512,533,290

Investment Income $12,859,985

Other Revenue $0

TOTAL REVENUE $525,393,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $50,814,454

TOTAL EXPENSES $585,376,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,393,275	$466,330,019	+0.1%
Expenses	$585,376,505	$584,191,373	+0.0%
Net Income	$-59,983,230	$-117,861,354	-0.5%

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

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
SANDRA MILAD GIBSON	TRUSTEE	1	Director	$0	$0	$0
THOMAS CAPURSO	TRUSTEE	1	Director	$0	$0	$0
LANCE VAN ARSDALE	TRUSTEE	1	Director	$0	$0	$0
CHRISTOPHER ERIKSON	TRUSTEE	1	Director	$0	$0	$0
CRAIG GILSTON	TRUSTEE	1	Director	$0	$0	$0
THOMAS CLEARY	TRUSTEE	1	Director	$0	$0	$0
CHRISTOPHER ERIKSON JR	TRUSTEE	1	Director	$0	$0	$0
STEPHEN GIANOTTI	TRUSTEE	1	Director	$0	$0	$0
ANDREW DRAZIC	TRUSTEE	1	Director	$0	$0	$0
JOSEPH SANTIGATE	TRUSTEE	1	Director	$0	$0	$0
WILLIAM HOFVING	TRUSTEE	1	Director	$0	$0	$0
JOSEPH PROSCIA	TRUSTEE	1	Director	$0	$0	$0
STEVEN LAZZARO	Trustee	1	Director	$0	$0	$0
JOHN MARCATO	Trustee	1	Director	$0	$0	$0
KORY KLEINBERG	Trustee	1	Director	$0	$0	$0
JERRY SCHAUDER	Trustee	1	Director	$0	$0	$0
WALTER GREENWOOD	TRUSTEE	1	Director	$0	$0	$0
RON SCIMONE	TRUSTEE	1	Director	$0	$0	$0
RICHARD DUVA JR	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	$525,393,275	$585,376,505	$264,880,255	$-59,983,230
2023	$466,330,019	$584,191,373	$252,335,115	$-117,861,354
2022	$465,606,109	$574,353,168	$368,981,107	$-108,747,059
2021	$485,693,132	$576,671,581	$511,091,919	$-90,978,449
2020	$484,812,479	$496,542,009	$575,871,277	$-11,729,530
2019	$518,727,943	$579,807,041	$583,128,137	$-61,079,098
2018	$546,191,439	$492,491,581	$586,417,893	$53,699,858

PENSION COMM JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY