Local Union No 9 IBEW Outside Contractors Supplemental Unemployment Fd (EIN 320320610) - 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

2010

Legal Domicile

Principal Officer

Art Burke

Phone

7084052084

Tax Period

2023-11-01 to 2024-10-31

Local Union No 9 IBEW Outside Contractors Supplemental Unemployment Fd, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $124K in total revenue in fiscal year 2023. Expenses of $705K exceeded revenue, resulting in a 469% operating deficit.

Mission

To provide supplemental unemployment benefits to members of IBEW Local Union No. 9

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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 $0

Investment Income $123,812

Other Revenue $0

TOTAL REVENUE $123,812

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $64,152

TOTAL EXPENSES $704,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,812	$-297,650	-1.4%
Expenses	$704,831	$195,804	+2.6%
Net Income	$-581,019	$-493,454	+0.2%

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

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
Art Burke	Trustee	2.00	Director	$0	$0	$0
Frank Lizzadro	Trustee	2.00	Director	$0	$0	$0
STEPHEN ALDRIDGE	Trustee	2.00	Director	$0	$0	$0
William Niesman	Trustee	2.00	Director	$0	$0	$0
Kevin B Schuster	Trustee	2.00	Director	$0	$0	$0
John D Dowling	Trustee	2.00	Director	$0	$0	$0
John C Burkard	Trustee	2.00	Director	$0	$0	$0
Matt Turk	Trustee	2.00	Director	$0	$0	$0
John Jamicich	Trustee	2.00	Director	$0	$0	$0
Thomas McClusky	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	$123,812	$704,831	$1,638,497	$-581,019
2023	$-297,650	$195,804	$2,221,094	$-493,454
2022	$45,681	$114,301	$2,370,628	$-68,620
2021	$125,014	$156,413	$2,767,668	$-31,399
2020	$57,793	$165,645	$2,928,085	$-107,852
2019	$57,576	$150,524	$2,895,801	$-92,948
2018	$50,535	$250,676	$2,797,349	$-200,141

Local Union No 9 IBEW Outside Contractors Supplemental Unemployment Fd