IBEW LOCAL 972 VACATION FUND C/O I… - Form 990 Financial Data

🔒

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

1967

Legal Domicile

Principal Officer

MICHAEL E HAUGHT

Phone

7403735054

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 972 VACATION FUND C/O IBEW LOCAL 972, founded in 1967, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO COLLECT VACATION FUNDS FROM MULTIPLE EMPLOYER CONTRACTORS AND DISTRIBUTE TO EMPLOYEES OF THE LOCAL UNION.

Program Service Accomplishments

Program 1

Expenses: $1,786,189

TO COLLECT VACATION FUNDS FROM MULTIPLE EMPLOYER CONTRACTORS AND DISTRIBUTE TO EMPLOYEES OF THE LOCAL UNION.

🔒

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 $1,760,562

Investment Income $52,049

Other Revenue $0

TOTAL REVENUE $1,812,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,786,189

Other Expenses $26,422

TOTAL EXPENSES $1,812,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,812,611	$2,273,846	-0.2%
Expenses	$1,812,611	$2,273,846	-0.2%
Net Income	$0	$0	N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
JASON WHITE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL E HAUGHT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT OFFENBERGER	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES ANGERT	TRUSTEE	1.00	Director	$0	$0	$0
DIRK WALTON	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
2024	$1,812,611	$1,812,611	$1,747,171	No data
2023	$2,273,846	$2,273,846	$2,144,043	No data
2022	$1,864,498	$1,864,498	$1,855,433	No data
2021	$1,883,727	$4,086,984	$1,864,480	$-2,203,257
2020	$2,233,273	$2,233,273	$2,203,257	No data
2019	$1,959,241	$1,959,241	$1,928,290	No data
2018	$1,819,631	$1,819,631	$1,791,691	No data

IBEW LOCAL 972 VACATION FUND C/O IBEW LOCAL 972