ELECTRICAL INDUSTRY GROUP LIFE FUND

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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 J Restrepo

Phone

7185912000

Tax Period

2024-09-01 to 2025-08-31

ELECTRICAL INDUSTRY GROUP LIFE FUND, founded in 1958, is a small nonprofit that reported $158K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $272K exceeded revenue, resulting in a 72% operating deficit.

Mission

The Fund 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 ("eligible participants") as set forth in the rules and regulations of the Agreement.

Program Service Accomplishments

Program 1

N/A

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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 $89,659

Investment Income $68,147

Other Revenue $0

TOTAL REVENUE $157,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $126,662

TOTAL EXPENSES $271,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,806	$113,556	+0.4%
Expenses	$271,947	$258,589	+0.1%
Net Income	$-114,141	$-145,033	-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
John Villafane	Trustee	1	Director	$0	$0	$0
Andrea Addeo	Trustee	1	Director	$0	$0	$0
Scott Bigman	Trustee	1	Director	$0	$0	$0
Gregg Sokoloff	Trustee	1	Director	$0	$0	$0
Paul Vieira	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
2025	$157,806	$271,947	$805,872	$-114,141
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