IBEW LOCAL 665 SUPPLEMENTAL SUPPLEMENTAL UNEMPLOYMENT BENEFIT (EIN 141997844) - 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

2007

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

9528515788

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 665 SUPPLEMENTAL SUPPLEMENTAL UNEMPLOYMENT BENEFIT, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 18% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS TO EASE ECONOMIC HARDSHIP ARISING FROM DISRUPTION OF EMPLOYMENT.

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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 $1,084,602

Investment Income $96,073

Other Revenue $36

TOTAL REVENUE $1,180,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $123,417

TOTAL EXPENSES $971,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,180,711	$830,638	+0.4%
Expenses	$971,847	$1,014,885	0.0%
Net Income	$208,864	$-184,247	-2.1%

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

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

$212,511

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON PANGBORN	SECRETARY	1.00	Director	$0	$44,180	$165,538
AARON NOWLAND	TRUSTEE	1.00	Director	$0	$23,916	$46,973
BRYAN BENTON	CHAIRMAN	1.00	Director	$0	$0	$0
THOMAS HOLLANDSWORTH	TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$1,180,711	$971,847	$3,122,727	$208,864
2022	$830,638	$1,014,885	$2,943,633	$-184,247
2021	$927,603	$908,764	$3,113,733	$18,839
2020	$876,521	$1,157,088	$3,091,941	$-280,567
2019	$780,084	$687,096	$3,361,040	$92,988
2018	$663,269	$470,874	$3,252,378	$192,395

IBEW LOCAL 665 SUPPLEMENTAL SUPPLEMENTAL UNEMPLOYMENT BENEFIT