IBEW LOCAL 1249 INSURANCE FUND (EIN 156025162) - 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

1960

Legal Domicile

Principal Officer

RYAN YOUNGMAN

Phone

3156568390

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 1249 INSURANCE FUND, founded in 1960, is a mid-sized nonprofit that reported $69.3M in total revenue in fiscal year 2024. Expenses of $65.1M left a modest 6% surplus.

Mission

TO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTS

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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 $61,380,922

Investment Income $5,295,887

Other Revenue $2,671,800

TOTAL REVENUE $69,348,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,158,110

TOTAL EXPENSES $65,136,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,348,609	$67,546,719	+0.0%
Expenses	$65,136,293	$58,524,234	+0.1%
Net Income	$4,212,316	$9,022,485	-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

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

$377,850

Total Directors

$377,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY H WESTBROOK III	TRUSTEE	1.00	Director	$0	$0	$0
JAMES C ATKINS	TRUSTEE	1.00	Director	$0	$0	$0
MARK LAWRENCE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GILCHRIST	TRUSTEE	1.00	Director	$0	$0	$0
RYAN YOUNGMAN	PLAN ADMINISTRATOR	26.00	Officer Director	$0	$98,522	$377,850
SCOTT LAMONT	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY O'BRIEN	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	$69,348,609	$65,136,293	$134,163,371	$4,212,316
2023	$67,546,719	$58,524,234	$125,107,279	$9,022,485
2022	$60,134,685	$51,598,613	$112,073,852	$8,536,072
2021	$58,794,383	$42,282,175	$114,229,442	$16,512,208
2020	$50,841,250	$35,756,435	$94,840,263	$15,084,815
2019	$45,076,058	$38,591,282	$71,222,895	$6,484,776
2018	$38,143,296	$27,411,292	$60,568,815	$10,732,004

IBEW LOCAL 1249 INSURANCE FUND