IBEW & UWUA GEORGE P BING FOGARTY JR MEMORIAL SCHOLARSHIP FUND (EIN 200557453) - 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

2004

Legal Domicile

Principal Officer

ADAM BOYLE

Phone

6173387070

Tax Period

2024-01-01 to 2024-12-31

IBEW & UWUA GEORGE P BING FOGARTY JR MEMORIAL SCHOLARSHIP FUND, founded in 2004, is a micro nonprofit in the Employment sector that reported $73K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 58% operating margin.

Mission

PROVIDE SCHOLARSHIPS TO DEPENDENTS OF QUALIFIED 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 $0

Investment Income $73,144

Other Revenue $0

TOTAL REVENUE $73,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,950

TOTAL EXPENSES $30,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,144	$32,720	+1.2%
Expenses	$30,697	$27,920	+0.1%
Net Income	$42,447	$4,800	+7.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANE BENOIT	TRUSTEE	5.00	Director	$0	$0	$0
ADAM BOYLE	TREASURER	5.00	Director	$0	$0	$0
NEIL FITMAN	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT PERRY	TRUSTEE	5.00	Director	$0	$0	$0
JAMES SIMPSON	CHAIRMAN	5.00	Director	$0	$0	$0
WALTER STASIO	TRUSTEE	5.00	Director	$0	$0	$0
JOHN TAGLIERI	CO-CHAIRMAN	5.00	Director	$0	$0	$0
RAYMOND TURNER	TRUSTEE	5.00	Director	$0	$0	$0
DEBRA BURLINGAME	TRUSTEE	5.00		$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	$73,144	$30,697	$461,407	$42,447
2023	$32,720	$27,920	$440,840	$4,800
2022	$17,410	$24,955	$415,992	$-7,545
2021	$36,028	$25,213	$514,593	$10,815

IBEW & UWUA GEORGE P BING FOGARTY JR MEMORIAL SCHOLARSHIP FUND