THE IBEW LOCAL 1377 ELIGIBLE FORD RETIREES VEBA TRUST (EIN 266885036) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

JAMES KRAVEC

Phone

2164101685

Tax Period

2024-01-01 to 2024-12-31

THE IBEW LOCAL 1377 ELIGIBLE FORD RETIREES VEBA TRUST, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 44% operating deficit.

Mission

THE FUND PROVIDES CERTAIN HEALTH INSURANCE PREMIUMS, VISION, DENTAL, PRESCRIPTION DRUG, AND HEALTH BENEFIT CLAIM PAYMENTS TO ELIGIBLE MEMBERS OF THE IBEW LOCAL UNION 1377.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $178,510

Investment Income $1,216,625

Other Revenue $0

TOTAL REVENUE $1,395,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,000

Fundraising Expenses $0

Program Expenses $1,971,948

Other Expenses $380,528

TOTAL EXPENSES $2,008,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,395,135	$1,223,854	+0.1%
Expenses	$2,008,023	$1,482,840	+0.4%
Net Income	$-612,888	$-258,986	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$9,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HULLMAN	COMMITTEE	2.00	Director	$4,500	$0	$4,500
DAVID OLDHAM	COMMITTEE	2.00	Director	$4,500	$0	$4,500
DENNIS HOERT	COMMITTEE	2.00	Director	$0	$0	$0
JAMES MARTIN JINDRA	TRUSTEE	2.00	Director	$0	$0	$0
DALE KOESEL	TRUSTEE	2.00	Director	$0	$0	$0
JAMES KRAVEC	TRUSTEE/PLAN	2.00	Director	$0	$0	$0
EDWARD SHOLTIS	TRUSTEE	2.00	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	$1,395,135	$2,008,023	$36,929,555	$-612,888
2023	$1,223,854	$1,482,840	$35,324,666	$-258,986
2022	$1,324,934	$1,834,574	$33,952,176	$-509,640
2021	$1,840,671	$1,682,121	$39,138,889	$158,550
2020	$1,676,692	$1,867,036	$36,486,040	$-190,344
2019	$1,730,773	$1,781,323	$35,290,760	$-50,550
2018	$1,680,606	$1,917,834	$31,552,203	$-237,228

THE IBEW LOCAL 1377 ELIGIBLE FORD RETIREES VEBA TRUST