IBEW LOCAL 51 NECA SAFETY AND EDUC… - Form 990 Financial Data

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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

ROBERT WEDELL

Phone

2177268481

Tax Period

2025-01-01 to 2025-12-31

IBEW LOCAL 51 NECA SAFETY AND EDUCATION FUND, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $44K in total revenue in fiscal year 2025. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $570K exceeded revenue, resulting in a 1183% operating deficit.

Mission

TO ENCOURAGE THE NECESSARY SAFETY AND EDUCATION TRAINING TO ELECTRICAL WORKERS.

Program Service Accomplishments

Program 1

THE MAIN OBJECTIVE OF THE NECA SAFETY AND EDUCATION FUND IS TO ENCOURAGE TRAINING IN THE AREAS OF OSHA AND FIRST AID TRAINING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,414

Investment Income $38,996

Other Revenue $0

TOTAL REVENUE $44,410

Expense Breakdown

Grants Paid $70,585

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $499,309

TOTAL EXPENSES $569,894

Year-over-Year Comparison

	2025	2024	Change
Revenue	$44,410	$115,887	-0.6%
Expenses	$569,894	$148,391	+2.8%
Net Income	$-525,484	$-32,504	+15.2%

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

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
ROBERT WEDELL	TRUSTEE	0.50	Director	$0	$0	$0
WESLEY HECKMAN	TRUSTEE	0.50	Director	$0	$0	$0
LANCE MCFARLAND	TRUSTEE	0.50	Director	$0	$0	$0
SHANE STANLEY	TRUSTEE	0.50	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	$44,410	$569,894	$1,151,465	$-525,484
2024	$115,887	$148,391	$1,676,949	$-32,504
2023	$368,816	$141,252	$1,709,453	$227,564
2022	$354,483	$147,326	$1,481,889	$207,157
2021	$385,526	$236,280	$1,274,732	$149,246
2020	$299,069	$163,502	$1,125,486	$135,567
2019	$249,335	$281,002	$989,919	$-31,667

IBEW LOCAL 51 NECA SAFETY AND EDUCATION FUND