INTL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 683 EDUCATION FUND (EIN 237218739) - 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

1971

Legal Domicile

Principal Officer

PATRICK HOOK

Phone

3147522330

Tax Period

2024-06-01 to 2025-05-31

INTL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 683 EDUCATION FUND, founded in 1971, is a small nonprofit that reported $546K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $398K, a strong 73% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL REIMBURSEMENTS FOR HIGHER EDUCATION.

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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 $484,053

Investment Income $61,485

Other Revenue $0

TOTAL REVENUE $545,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,900

Other Expenses $40,536

TOTAL EXPENSES $147,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,538	$443,693	+0.2%
Expenses	$147,436	$147,267	+0.0%
Net Income	$398,102	$296,426	+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
PATRICK HOOK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANTHONY CIARDELLI	UNION TRUSTE	1.00	Director	$0	$0	$0
MICHAEL R MOREY	UNION TRUSTE	1.00	Director	$0	$0	$0
JEREMY RYAN	MGMT TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HARTSHORN	MGMT TRUSTEE	1.00	Director	$0	$0	$0
RYAN DEW	MGMT 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
2025	$545,538	$147,436	$1,913,906	$398,102
2024	$443,693	$147,267	$1,577,005	$296,426
2023	$397,821	$113,058	$1,220,019	$284,763
2022	$271,311	$104,278	$933,962	$167,033
2021	$230,315	$155,472	$766,353	$74,843
2020	$259,651	$146,367	$691,381	$113,284
2019	$225,478	$153,656	$578,384	$71,822

INTL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 683 EDUCATION FUND