IBEW LOCAL 129 FRINGE BENEFITS PLAN (EIN 341841503) - 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

1996

Legal Domicile

Principal Officer

JOHN NOVAK

Phone

2486632449

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 129 FRINGE BENEFITS PLAN, founded in 1996, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

ADMINISTRATION OF UNION FRINGE BENEFIT FUNDS

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,468,545

Investment Income $-105,482

Other Revenue $2,349

TOTAL REVENUE $12,365,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,685

Fundraising Expenses $0

Other Expenses $12,432,355

TOTAL EXPENSES $12,500,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,365,412	$14,955,057	-0.2%
Expenses	$12,500,040	$15,012,886	-0.2%
Net Income	$-134,628	$-57,829	+1.3%

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

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
JEFF BOMMER	TRUSTEE	4.00	Director	$0	$0	$0
PETER COROGIN	TRUSTEE	4.00	Director	$0	$0	$0
TIMOTHY KOPERDAK	TRUSTEE	4.00	Director	$0	$0	$0
MATT MCQUEEN	TRUSTEE	4.00	Director	$0	$0	$0
JOHN NOVAK	CHAIR	4.00	Officer Director	$0	$0	$0
CHRIS RANGUS	TRUSTEE	4.00	Director	$0	$0	$0
MICHEAL RUSSELLE	TRUSTEE	4.00	Director	$0	$0	$0
MARC SCHUESZLER	TRUSTEE	4.00	Director	$0	$0	$0
THOMAS SHREVES	TRUSTEE	4.00	Director	$0	$0	$0
CHRIS WACHHOLZ	TRUSTEE	4.00	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	No data	No data	No data	No data
2023	$12,365,412	$12,500,040	$1,099,742	$-134,628
2022	$4,068,637	$4,076,303	$1,025,257	$-7,666
2022	$14,955,057	$15,012,886	$975,094	$-57,829
2021	$11,420,793	$11,461,078	$1,293,016	$-40,285
2020	$8,358,730	$8,189,835	$948,877	$168,895
2019	$9,154,267	$9,099,368	$914,462	$54,899
2018	$8,441,586	$8,446,215	$856,282	$-4,629

IBEW LOCAL 129 FRINGE BENEFITS PLAN