IBEW 1158 WELFARE PLAN FUND

EIN: 227051778

CLIFTON, NJ

Total Revenue
$4,840,434
Total Expenses
$3,577,750
Total Assets
$6,708,949
Net Assets
$6,387,552
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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
1976
Legal Domicile
NJ
Principal Officer
GEORGE SERIO
Phone
9737733336
Tax Period
2023-01-01 to 2023-12-31

IBEW 1158 WELFARE PLAN FUND, founded in 1976, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 26% operating margin.

Mission

TO PROVIDE MEDICAL AND OTHER BENEFITS TO COVERED MEMBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,763,517
Investment Income $162,015
Other Revenue $1,914,902
TOTAL REVENUE $4,840,434

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,037,480
Fundraising Expenses $0
Program Expenses $3,577,750
Other Expenses $491,929
TOTAL EXPENSES $3,577,750

Year-over-Year Comparison

2023 2022 Change
Revenue $4,840,434 $4,466,579 +0.1%
Expenses $3,577,750 $3,188,256 +0.1%
Net Income $1,262,684 $1,278,323 0.0%
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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Governance

Voting Members
3
Independent Members
3
Employees
9
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
2
$911,954
Total Directors
3
$130,823
Key Employees
2
$911,954
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS TAYLOR TRUSTEE 2.00
Director
$0 $0 $130,823
VICTOR DIMEO TRUSTEE 2.00
Director
$0 $0 $0
DEBRA MARVEL TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH P CALABRO ASSISTANT ADMINISTRATOR 30.00
Officer Key Emp Highest
$98,895 $0 $598,838
GEORGE SERIO ADMINISTRATOR 30.00
Officer Key Emp Highest
$202,912 $0 $313,116
CHRISTINE FAWCETT OFFICE MANAGER 30.00
Highest
$81,939 $0 $152,561
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 No data No data No data No data
2023 $4,840,434 $3,577,750 $6,708,949 $1,262,684
2022 $4,466,579 $3,188,256 $5,425,972 $1,278,323
2021 $3,611,873 $3,131,174 $3,981,184 $480,699
2020 $3,711,405 $3,066,608 $3,613,505 $644,797
2019 $3,644,304 $3,317,850 $2,959,047 $326,454
2018 $3,208,771 $3,225,942 $2,454,248 $-17,171
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