VACATION EXPENSE PLAN OF THE JOINT BOARD OF THE ELECTRICAL INDUSTRY (EIN 131853892) - 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

1957

Legal Domicile

Phone

7185912000

Tax Period

2024-01-01 to 2024-05-31

VACATION EXPENSE PLAN OF THE JOINT BOARD OF THE ELECTRICAL INDUSTRY, founded in 1957, is a small nonprofit that reported $900K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $421K, a strong 47% operating margin.

Mission

The Plan has as its principal activity the collection and investment of funds received from electrical contractors for the purpose of providing vacation, holiday and supplementary benefits to members of Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL- CIO ("Local 3").

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $133,361

Investment Income $766,419

Other Revenue $0

TOTAL REVENUE $899,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $148,553

TOTAL EXPENSES $478,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$899,780	$1,140,104	-0.2%
Expenses	$478,916	$1,841,916	-0.7%
Net Income	$420,864	$-701,812	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Erikson	Trustee	1	Director	$0	$0	$0
Thomas Cleary	Trustee	1	Director	$0	$0	$0
Christopher Erikson Jr	Trustee	1	Director	$0	$0	$0
Lance Van Arsdale	Trustee	1	Director	$0	$0	$0
Joseph Proscia	Trustee	1	Director	$0	$0	$0
Stephen Gianotti	Trustee	1	Director	$0	$0	$0
Carol Kleinberg	Trustee	1	Director	$0	$0	$0
Benjamin Arana	Trustee	1	Director	$0	$0	$0
Joseph Santigate	Trustee	1	Director	$0	$0	$0
Robert Amabile	Trustee	1	Director	$0	$0	$0
Craig Gilston	Trustee	1	Director	$0	$0	$0
William Hofving	Trustee	1	Director	$0	$0	$0
Steven Lazzaro	Trustee	1	Director	$0	$0	$0
John Mannino	Trustee	1	Director	$0	$0	$0
John Villafane	Trustee	1	Director	$0	$0	$0
Kristine DeNapoli	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	$899,780	$478,916	No data	$420,864
2023	$1,140,104	$1,841,916	$52,676,731	$-701,812
2022	$295,667	$1,566,704	$50,538,321	$-1,271,037
2021	$1,715,397	$1,510,521	$54,104,497	$204,876
2020	$2,104,842	$1,384,789	$53,324,696	$720,053
2019	$1,581,331	$1,720,030	$49,953,221	$-138,699
2018	$4,031,623	$1,673,173	$47,346,284	$2,358,450

VACATION EXPENSE PLAN OF THE JOINT BOARD OF THE ELECTRICAL INDUSTRY