IBEW LOCAL #81 - EDUCATION FUND (EIN 236420615) - 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

1970

Legal Domicile

Principal Officer

MICHAEL MCDERMOTT

Phone

5703445711

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL #81 - EDUCATION FUND, founded in 1970, is a small nonprofit that reported $630K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $245K, a strong 39% operating margin.

Mission

EDUCATION OF APPRENTICE AND JOURNEYMAN ELECTRICIANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $602,887

Program Service Revenue $0

Investment Income $23,122

Other Revenue $3,932

TOTAL REVENUE $629,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,560

Fundraising Expenses $0

Other Expenses $124,189

TOTAL EXPENSES $384,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$629,941	$546,959	+0.2%
Expenses	$384,749	$376,459	+0.0%
Net Income	$245,192	$170,500	+0.4%

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

$339,205

Total Directors

$479,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCDERMOTT	CHAIRMAN	2.00	Officer Director	$0	$60,034	$189,494
TIMOTHY LEBER	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD O'DONNELL	TRUSTEE	1.00	Director	$0	$47,838	$145,112
ERIC LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
GERARD NICHOLS	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS WAITULAVICH	TRUSTEE	1.00	Director	$0	$47,825	$144,679
BRAD HUMMEL	TRAINING DIRECTOR	40.00	Officer	$101,739	$47,972	$149,711

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	$629,941	$384,749	$1,480,563	$245,192
2022	$546,959	$376,459	$1,237,881	$170,500
2021	$582,492	$348,500	$1,055,882	$233,992
2020	$428,056	$322,162	$821,135	$105,894
2019	$562,710	$382,380	$726,738	$180,330
2018	$611,621	$365,428	$533,252	$246,193

IBEW LOCAL #81 - EDUCATION FUND