IBEW LOCAL UNION 456 JATC (EIN 222103358) - 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

1956

Legal Domicile

Principal Officer

CRAIG COFFEY

Phone

7322462122

Tax Period

2024-07-01 to 2025-06-30

IBEW LOCAL UNION 456 JATC, founded in 1956, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $385K, a strong 32% operating margin.

Mission

TO MAINTAIN TRAINING FACILITIES TO PROVIDE FOR TRAINING OF APPRENTICES AND JOURNEYMEN.

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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 $1,060,907

Investment Income $127,642

Other Revenue $1,251

TOTAL REVENUE $1,189,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,987

Fundraising Expenses $0

Program Expenses $486,213

Other Expenses $508,626

TOTAL EXPENSES $804,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,800	N/A	N/A
Expenses	$804,613	N/A	N/A
Net Income	$385,187	$0	N/A

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

$17,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG COFFEY	CHAIRMAN	5.00	Director	$0	$0	$0
DENNIS F CRONIN	TREASURER	2.00	Director	$0	$0	$2,978
KEVIN VAN LIEW	SECRETARY	2.00	Director	$3,306	$2,343	$5,649
JEFEREY SHAUTE	TRUSTEE	2.00	Director	$0	$0	$0
NEAL SMITH	TRUSTEE	2.00	Director	$5,454	$3,866	$9,320
NICK SAMBUCCI	TRUSTEE	2.00	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
2025	$1,189,800	$804,613	$4,096,696	$385,187
2024	$1,262,197	$751,382	$3,588,087	$510,815
2023	$836,820	$693,435	$2,949,459	$143,385
2022	$689,020	$674,648	$2,771,949	$14,372
2021	$734,953	$503,001	$2,916,120	$231,952
2020	$933,458	$583,132	$2,626,125	$350,326
2019	$769,156	$634,295	$2,203,090	$134,861
2018	$1,057,877	$663,462	$2,085,143	$394,415

IBEW LOCAL UNION 456 JATC