IBEW LOCAL #102 AUXILIARY FUND (EIN 222896350) - 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

1900

Legal Domicile

Phone

9738871718

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL #102 AUXILIARY FUND, founded in 1900, is a micro nonprofit that reported $93K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 35% operating deficit.

Mission

COMMITTEE MEETINGS, OUTINGS AND SERVICES WHICH ARE ESSENTIAL TO MEMBER TRAINING, WELFARE, RECREATION AND RETIREE ACTIVITIES.

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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 $92,260

Program Service Revenue $0

Investment Income $917

Other Revenue $0

TOTAL REVENUE $93,177

Expense Breakdown

Grants Paid $50,900

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $74,682

TOTAL EXPENSES $125,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,177	$119,473	-0.2%
Expenses	$125,582	$103,358	+0.2%
Net Income	$-32,405	$16,115	-3.0%

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

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

$683,292

Total Directors

$8,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC TSCHERNE	EXECUTIVE BOARD CHAIRMAN	0.25	Director	$0	$0	$1,114
ANTHONY MARINELLO	EXECUTIVE BOARD DIRECTOR	0.25	Director	$0	$0	$1,506
MICHAEL D PULSINELLI	EXECUTIVE BOARD DIRECTOR	0.25	Director	$0	$0	$1,379
BARRY CHECINSKI	EXECUTIVE BOARD DIRECTOR	0.25	Director	$0	$0	$1,507
HENRY LORA	EXECUTIVE BOARD DIRECTOR	0.25	Director	$0	$0	$1,506
KAINE KRAWCHUCK	EXECUTIVE BOARD DIRECTOR	0.25	Director	$0	$0	$1,379
BERNARD CORRIGAN	PRESIDENT	1.00	Officer	$0	$124,984	$338,632
DAVID FIORE	TREASURER	1.00	Officer	$0	$127,209	$344,660

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	$93,177	$125,582	$22,877	$-32,405
2023	$119,473	$103,358	$55,282	$16,115
2022	$106,960	$116,523	$39,167	$-9,563
2021	$99,776	$101,711	$48,730	$-1,935
2020	$119,338	$98,071	$50,665	$21,267
2019	$100,015	$110,161	$29,398	$-10,146

IBEW LOCAL #102 AUXILIARY FUND