IBEW LOCAL 683 FRINGE BENEFIT FUNDSINC

EIN: 311449092

LANSING, MI

Total Revenue
$73,581
Total Expenses
$127,574
Total Assets
N/A
Net Assets
N/A
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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
1995
Legal Domicile
OH
Principal Officer
JOHN E MOORE
Phone
5173217508
Tax Period
2019-01-01 to 2019-12-31

IBEW LOCAL 683 FRINGE BENEFIT FUNDSINC, founded in 1995, is a micro nonprofit that reported $74K in total revenue in fiscal year 2019. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 73% operating deficit.

Mission

ADMINISTRATION OF IBEW LOCAL UNION 683 ANNUITY PLAN, HEALTH & WELFARE PLAN, PENSION PLAN, EDUCATIONAL PLAN, AND COLLECTION OF CONTRACTORS- AND EMPLOYEES CONTRIBUTIONS FOR FRINGE BENEFITS AND UNION DEDUCTIONS.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $72,200
Investment Income $0
Other Revenue $1,381
TOTAL REVENUE $73,581

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,584
Fundraising Expenses $0
Other Expenses $27,990
TOTAL EXPENSES $127,574

Year-over-Year Comparison

2019 2018 Change
Revenue $73,581 $309,932 -0.8%
Expenses $127,574 $402,600 -0.7%
Net Income $-53,993 $-92,668 -0.4%
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

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
1
$41,877
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET R STIMMEL ADMINISTRATI 50.00
Officer
$41,877 $0 $41,877
DANA AKISON UNION TRUSTE 1.00
Director
$0 $0 $0
ELIZABETH T BUTLER MGMT TRUSTEE 1.00
Director
$0 $0 $0
BRIAN D DAMANT BOARD CHAIRM 1.00
Director
$0 $0 $0
RYAN DEW MGMT TRUSTEE 1.00
Director
$0 $0 $0
PATRICK J HOOK UNION TRUSTE 1.00
Director
$0 $0 $0
JOHN E MOORE UNION TRUSTE 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
2019 $73,581 $127,574 No data $-53,993
2018 $309,932 $402,600 $111,206 $-92,668
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