IBEW LOCAL 375 JOINT PROMOTIONAL TRUST FD (EIN 233077741) - 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

2000

Legal Domicile

Principal Officer

PAUL ANTHONY

Phone

6104329762

Tax Period

2022-01-01 to 2022-12-31

IBEW LOCAL 375 JOINT PROMOTIONAL TRUST FD, founded in 2000, is a micro nonprofit in the Employment sector that reported $40K in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $63K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND LABOR MANAGEMENT RELATIONSHIPS RELATED TO THE ELECTRICAL CONTRACTOR INDUSTRY SERVED BY THE IBEW/NECA WITHIN THE ORGANIZATION'S OPERATIONAL JURISDICTION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,239

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $62,717

TOTAL EXPENSES $62,717

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,239	$35,313	+0.1%
Expenses	$62,717	$52,100	+0.2%
Net Income	$-22,478	$-16,787	+0.3%

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

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
PAUL ANTHONY	BUS MGR/TRUSTEE	5.00	Officer Director	$0	$0	$0
JUSTIN GRIMSHAW	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVEN REICHARD	TRUSTEE	1.00	Director	$0	$0	$0
RAUL GONZALEZ	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN WANAMAKER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CONKEY	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW LAWLER	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
2022	$40,239	$62,717	$63,589	$-22,478
2021	$35,313	$52,100	$83,767	$-16,787
2020	$34,517	$10,339	$102,429	$24,178
2019	$36,352	$34,145	$76,376	$2,207
2018	$35,650	$38,027	$74,169	$-2,377

IBEW LOCAL 375 JOINT PROMOTIONAL TRUST FD