NEW JERSEY ELECTRICAL WORKERS TEMPORARY DISABILITY BENEFIT TRUST FUND (EIN 221714827) - 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

1952

Legal Domicile

Phone

8007923666

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY ELECTRICAL WORKERS TEMPORARY DISABILITY BENEFIT TRUST FUND, founded in 1952, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

THE PAYMENT OF TEMPORARY DISABILITY BENEFITS TO COVERED EMPLOYEES OF PARTICIPATING ELECTRICAL CONTRACTORS AND THE PAYMENT OF THE RELATED FICA TAX TO THE IRS

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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 $5,619,922

Investment Income $145,419

Other Revenue $0

TOTAL REVENUE $5,765,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,019,637

Other Expenses $138,717

TOTAL EXPENSES $6,158,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,765,341	$6,838,658	-0.2%
Expenses	$6,158,354	$5,842,060	+0.1%
Net Income	$-393,013	$996,598	-1.4%

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

454

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
JAMES ESTABROOK	Trustee	1.00	Director	$0	$0	$0
ELIZABETH MANZO	Trustee	1.00	Director	$0	$0	$0
WILLIAM JONES III	Trustee	1.00	Director	$0	$0	$0
ERIC SIVERTSEN	Trustee	1.00	Director	$0	$0	$0
JOSEPH EGAN	Trustee	1.00	Director	$0	$0	$0
PAT DELLECAVA	Trustee	1.00	Director	$0	$0	$0
ROBERT SHIMKO	Trustee	1.00	Director	$0	$0	$0
DANIEL GUMBLE	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	$5,765,341	$6,158,354	$5,217,087	$-393,013
2023	$6,838,658	$5,842,060	$5,275,155	$996,598
2022	$4,635,364	$5,903,501	$5,124,626	$-1,268,137
2021	$3,986,979	$4,705,811	$7,045,571	$-718,832
2020	$3,768,439	$3,815,790	$7,288,195	$-47,351
2019	$4,377,526	$3,726,152	$6,852,572	$651,374
2018	$4,062,059	$3,644,148	$5,156,383	$417,911

NEW JERSEY ELECTRICAL WORKERS TEMPORARY DISABILITY BENEFIT TRUST FUND