NECA-IBEW DRUG-FREE WORKFORCE TRUST (EIN 260086997) - 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

2004

Legal Domicile

Principal Officer

JEREMY ABRAMS

Phone

8585696322

Tax Period

2023-10-01 to 2024-09-30

NECA-IBEW DRUG-FREE WORKFORCE TRUST, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $531K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $122K, a strong 23% operating margin.

Mission

DRUG TESTING FOR PARTICIPANTS TO ELIMINATE SUBSTANCE ABUSE IN THE WORKFORCE

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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 $471,997

Investment Income $58,541

Other Revenue $0

TOTAL REVENUE $530,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $408,638

Other Expenses $260,078

TOTAL EXPENSES $408,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,538	$474,829	+0.1%
Expenses	$408,638	$357,722	+0.1%
Net Income	$121,900	$117,107	+0.0%

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

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
ANDREW BERG	TRUSTEE	0.50	Officer Director	$0	$0	$0
JEREMY ABRAMS	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT DAVIES	TRUSTEE	0.50	Director	$0	$0	$0
JOEL BASORE	TRUSTEE	0.50	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	$530,538	$408,638	$2,050,906	$121,900
2023	$474,829	$357,722	$1,921,970	$117,107
2022	$559,880	$346,329	$1,790,005	$213,551
2021	$529,617	$310,658	$1,567,321	$218,959
2020	$557,773	$327,783	$1,355,827	$229,990
2019	$533,175	$346,363	$1,118,348	$186,812
2018	$545,480	$330,312	$918,059	$215,168

NECA-IBEW DRUG-FREE WORKFORCE TRUST