IBEW LOCAL 712 - SCHOLARSHIP TRUST FUND (EIN 237268868) - 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

1979

Legal Domicile

Principal Officer

MATT COWIE

Phone

4124321125

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 712 - SCHOLARSHIP TRUST FUND, founded in 1979, is a small nonprofit that reported $188K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $180K left a modest 4% surplus.

Mission

SCHOLARSHIP AWARDS TO MEMBER DEPENDENTS.

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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 $0

Program Service Revenue $92,245

Investment Income $88,481

Other Revenue $6,974

TOTAL REVENUE $187,700

Expense Breakdown

Grants Paid $145,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,429

TOTAL EXPENSES $180,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,700	$335,801	-0.4%
Expenses	$180,429	$145,638	+0.2%
Net Income	$7,271	$190,163	-1.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
JONATHAN R BRUCE	TRUSTEE	3.00	Director	$0	$0	$0
THOMAS HOGUE	TRUSTEE	3.00	Director	$0	$0	$0
FRANK E TELESZ JR	TRUSTEE	3.00	Director	$0	$0	$0
GARY L BRUCE	TRUSTEE	3.00	Director	$0	$0	$0
MATT COWIE	TRUSTEE	3.00	Director	$0	$0	$0
ANTHONY VERCILLA	TRUSTEE	3.00	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
2024	No data	No data	No data	No data
2023	$187,700	$180,429	$3,051,079	$7,271
2022	$335,801	$145,638	$2,888,061	$190,163
2021	$680,834	$139,950	$3,017,657	$540,884
2020	$388,213	$153,351	$2,209,600	$234,862
2019	$351,339	$124,033	$1,857,325	$227,306
2018	$177,243	$119,679	$1,395,462	$57,564

IBEW LOCAL 712 - SCHOLARSHIP TRUST FUND