IBEW LOCAL 400 AUXILIARY WELFARE FUND C/O IE SHAFFER & CO (EIN 260181078) - 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

2008

Legal Domicile

Principal Officer

JONATHAN D LEVINE

Phone

6097181323

Tax Period

2024-04-01 to 2025-03-31

IBEW LOCAL 400 AUXILIARY WELFARE FUND C/O IE SHAFFER & CO, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTHCARE REIMBURSEMENT BENEFITS TO PARTICIPANTS

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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 $1,655,580

Investment Income $6,840

Other Revenue $0

TOTAL REVENUE $1,662,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $100,012

TOTAL EXPENSES $1,669,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,662,420	$999,256	+0.7%
Expenses	$1,669,797	$882,140	+0.9%
Net Income	$-7,377	$117,116	-1.1%

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

$713,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SHIMKO	TRUSTEE	1.00	Director	$0	$159,459	$384,049
MICHAEL RICCA	TRUSTEE	1.00	Director	$0	$136,677	$329,179
ROBERT INGMAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL TOMASIELLO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM JONES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS O JOHNSTON ESQ	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MANZO ESQ	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	$1,662,420	$1,669,797	$786,127	$-7,377
2024	$999,256	$882,140	$798,182	$117,116
2023	$948,233	$869,622	$683,024	$78,611
2022	$736,910	$827,687	$3,603,939	$-90,777
2021	$608,024	$904,435	$3,702,638	$-296,411
2020	$836,285	$971,940	$3,979,922	$-135,655
2019	$797,358	$958,480	$4,185,633	$-161,122
2018	$805,342	$693,185	$4,279,935	$112,157

IBEW LOCAL 400 AUXILIARY WELFARE FUND C/O IE SHAFFER & CO