SOUTH JERSEY ELECTRICAL WORKERS TDB FUND (EIN 223424489) - 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

1996

Legal Domicile

Principal Officer

DANIEL COSNER

Phone

6097181323

Tax Period

2024-01-01 to 2024-12-31

SOUTH JERSEY ELECTRICAL WORKERS TDB FUND, founded in 1996, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 6% surplus.

Mission

PROVIDE TEMPORARY DISABILITY BENEFITS TO ELIGIBLE EMPLOYEES OF PARTICIPATING ELECTRICAL CONTRACTORS

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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 $2,256,317

Investment Income $43,428

Other Revenue $0

TOTAL REVENUE $2,299,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,070,898

Other Expenses $90,998

TOTAL EXPENSES $2,161,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,299,745	$1,859,779	+0.2%
Expenses	$2,161,896	$1,995,164	+0.1%
Net Income	$137,849	$-135,385	-2.0%

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

166

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

$1,937,738

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL COSNER	Trustee	1.00	Director	$0	$166,574	$457,364
CHARLES DELLA VECCHIA	Trustee	1.00	Director	$0	$150,793	$403,653
STEPHEN ALDRICH	Trustee	1.00	Director	$0	$115,546	$395,059
GINO PASQUALONE JR	Trustee	1.00	Director	$0	$107,500	$354,747
STEVEN DIMATTEO	Trustee	1.00	Director	$0	$124,622	$326,915
JEFFREY HOUDE	Trustee	1.00	Director	$0	$0	$0
JOSEPH KNECHT JR	Trustee	1.00	Director	$0	$0	$0
THOMAS J PETERSON	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	$2,299,745	$2,161,896	$1,428,483	$137,849
2023	$1,859,779	$1,995,164	$1,260,182	$-135,385
2022	$1,553,402	$1,710,389	$1,375,086	$-156,987
2021	$1,378,602	$1,734,294	$1,596,848	$-355,692
2020	$1,272,238	$1,328,425	$1,961,243	$-56,187
2019	$1,172,117	$1,205,335	$2,019,045	$-33,218
2018	$1,176,202	$1,369,983	$1,986,140	$-193,781

SOUTH JERSEY ELECTRICAL WORKERS TDB FUND