IBEW LOCAL 196NECA SAFETY AND EDUCATION TRUST FUND (EIN 200793626) - 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

DEREK LUETGERT

Phone

8156552195

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 196NECA SAFETY AND EDUCATION TRUST FUND, founded in 2004, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $422K, a strong 28% operating margin.

Mission

SAFETY AND EDUCATION

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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 $1,456,241

Investment Income $22,585

Other Revenue $2,678

TOTAL REVENUE $1,481,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,395

Fundraising Expenses $0

Other Expenses $537,360

TOTAL EXPENSES $1,059,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,481,504	$1,640,896	-0.1%
Expenses	$1,059,755	$1,266,886	-0.2%
Net Income	$421,749	$374,010	+0.1%

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

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
DEREK LUETGERT	TRUSTEE	3.00	Director	$0	$0	$0
MIKE CASSIDY	TRUSTEE	3.00	Director	$0	$0	$0
KAREN ERBACH	TRUSTEE	3.00	Director	$0	$0	$0
MARTY KOMINOSKI	TRUSTEE	3.00	Director	$0	$0	$0
JENNIFER LUETGERT	DIRECTOR OF TRAINING	40.00	Highest	$159,727	$62,483	$222,210

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	$1,481,504	$1,059,755	$4,261,859	$421,749
2023	$1,640,896	$1,266,886	$4,014,186	$374,010
2022	$1,179,558	$907,271	$3,808,034	$272,287
2021	$1,125,453	$566,283	$3,410,996	$559,170
2020	$825,770	$193,538	$2,351,439	$632,232
2019	$429,569	$97,284	$1,758,479	$332,285

IBEW LOCAL 196NECA SAFETY AND EDUCATION TRUST FUND