IBEW LOCAL 351 JATC FUND

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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

1972

Legal Domicile

Principal Officer

DAN COSNER

Phone

6095618515

Tax Period

2024-10-01 to 2025-09-30

IBEW LOCAL 351 JATC FUND, founded in 1972, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $4.7M represent 45 months of operating reserves.

Mission

THIS PROGRAM PROVIDES TRAINING AND EDUCATIONAL PROGRAMS FOR THE MEMBERS OF THE IBEW LOCAL 351.

Program Service Accomplishments

Program 1

Expenses: $755,144 Revenue: $1,244,446

THIS PROGRAM PROVIDES TRAINING AND EDUCATIONAL PROGRAMS FOR THE MEMBERS OF THE IBEW LOCAL 351.

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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 $1,080,494

Investment Income $6,895

Other Revenue $163,952

TOTAL REVENUE $1,251,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $710,761

Fundraising Expenses $0

Program Expenses $755,144

Other Expenses $625,641

TOTAL EXPENSES $1,336,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,251,341	$1,318,678	-0.1%
Expenses	$1,336,402	$1,430,156	-0.1%
Net Income	$-85,061	$-111,478	-0.2%

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

Total Directors

$1,511,007

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS PETERSON	SECRETARY	1.00	Director	$0	$0	$0
DANIEL COSNER	CHAIRMAN	1.00	Director	$0	$166,574	$457,364
CHARLES DELLA VECCHIA	UNION REPRESENTATIVE	1.00	Director	$0	$150,793	$403,653
STEPHEN GANDY	UNION REPRESENTATIVE	1.00	Director	$0	$124,622	$326,915
JOHN GRAY	UNION REPRESENTATIVE	1.00	Director	$0	$120,782	$323,075
EDWARD REISER	UNION REPRESENTATIVE	1.00	Director	$0	$0	$0
ALEX COUCHOUD	UNION REPRESENTATIVE	1.00	Director	$0	$0	$0
MATT GALLAGHER	NECA REPRESENTATIVE	1.00	Director	$0	$0	$0
JEFFREY HOUDE	NECA REPRESENTATIVE	1.00	Director	$0	$0	$0
JOSEPH KNECHT JR	NECA REPRESENTATIVE	1.00	Director	$0	$0	$0
WAYNE OWSLEY	NECA REPRESENTATIVE	1.00	Director	$0	$0	$0
RAYMOND PALMIERI	NECA REPRESENTATIVE	1.00	Director	$0	$0	$0
LOUIS JIACOPELLO	TRAINING DIRECTOR	40.00	Highest	$178,638	$107,253	$285,891

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
2025	$1,251,341	$1,336,402	$4,713,785	$-85,061
2024	$1,318,678	$1,430,156	$4,797,724	$-111,478
2023	$1,247,093	$1,393,844	$6,389,179	$-146,751
2022	$1,097,949	$1,328,256	$6,611,585	$-230,307
2021	$1,313,511	$1,205,428	$7,033,131	$108,083
2020	$1,276,518	$1,243,787	$7,015,295	$32,731
2019	$1,680,499	$1,289,400	$7,860,231	$391,099
2018	$1,589,436	$1,220,654	$7,574,884	$368,782