ELECTRICAL INDUSTRY GROUP LIFE FUND (EIN 131884504) - 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

1958

Legal Domicile

Principal Officer

HUMBERTO RESTREPO

Phone

7185912000

Tax Period

2023-09-01 to 2024-08-31

ELECTRICAL INDUSTRY GROUP LIFE FUND, founded in 1958, is a small nonprofit that reported $114K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $259K exceeded revenue, resulting in a 128% operating deficit.

Mission

Electrical Group Life has as its principal activities the collection and investment of funds received from electrical contractors and participating employers for the purpose of providing group term life insurance coverage for their eligible employees including officers, partners or sole owners of firms.

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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 $91,399

Investment Income $22,157

Other Revenue $0

TOTAL REVENUE $113,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $111,675

TOTAL EXPENSES $258,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,556	$84,409	+0.3%
Expenses	$258,589	$258,219	+0.0%
Net Income	$-145,033	$-173,810	-0.2%

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
JOHN MANNINO	Trustee	1	Director	$0	$0	$0
Paul Viera	Trustee	1	Director	$0	$0	$0
Andrea Addeo	Trustee	1	Director	$0	$0	$0
John Villafane	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	$113,556	$258,589	$935,236	$-145,033
2023	$84,409	$258,219	$976,579	$-173,810
2022	$187,340	$248,698	$1,115,996	$-61,358
2021	$197,316	$297,223	$1,411,383	$-99,907
2020	$182,503	$272,988	$1,529,135	$-90,485
2019	$168,909	$209,314	$1,649,720	$-40,405
2018	$135,913	$203,963	$1,601,585	$-68,050

ELECTRICAL INDUSTRY GROUP LIFE FUND