IBEW LOCAL 673 FRINGE BENEFIT FUNDS INC (EIN 341506412) - 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

1986

Legal Domicile

Principal Officer

JOHN RUSNAK

Phone

4402553414

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 673 FRINGE BENEFIT FUNDS INC, founded in 1986, is a micro nonprofit that reported $16K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $31K exceeded revenue, resulting in a 96% operating deficit.

Mission

PROVIDE ADMINISTRATIVE SERVICES TO IBEW LOCAL 673 BENEFIT PLANS

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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 $15,600

Investment Income $0

Other Revenue $81

TOTAL REVENUE $15,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,708

Other Expenses $30,708

TOTAL EXPENSES $30,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,681	$57,460	-0.7%
Expenses	$30,708	$74,354	-0.6%
Net Income	$-15,027	$-16,894	-0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY GAMBATESE	TRUSTEE	N/A	Director	$0	$0	$0
BERNARD FERDINANDO JR	TRUSTEE	N/A	Director	$0	$0	$0
TIMOTHY ROSIER	TRUSTEE	N/A	Director	$0	$0	$0
JOHN RUSNAK	TRUSTEE	N/A	Officer Director	$0	$0	$0
THOMAS SHREVES	TRUSTEE	N/A	Director	$0	$0	$0
KEVIN VAYO	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$15,681	$30,708	$38,461	$-15,027
2022	$57,460	$74,354	$127,708	$-16,894
2021	$114,720	$134,872	$122,454	$-20,152
2020	$111,417	$141,457	$56,245	$-30,040
2019	$108,917	$128,055	$152,251	$-19,138
2018	$122,543	$143,181	$95,500	$-20,638

IBEW LOCAL 673 FRINGE BENEFIT FUNDS INC