IBEW LOCAL 1245 INJURED WORKERS FUND (EIN 352308172) - 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

2007

Legal Domicile

Principal Officer

Ralph Armstrong

Phone

7074522700

Tax Period

2023-10-01 to 2024-09-30

IBEW LOCAL 1245 INJURED WORKERS FUND, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $676K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $988K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE DISABILITY, DEATH, AND PARENTAL LEAVE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE TRUST AGREEMENT.

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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 $478,849

Investment Income $0

Other Revenue $197,023

TOTAL REVENUE $675,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,538

TOTAL EXPENSES $987,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$675,872	$486,032	+0.4%
Expenses	$987,973	$622,215	+0.6%
Net Income	$-312,101	$-136,183	+1.3%

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
GRANT TODD	TRUSTEE	5.0	Director	$0	$0	$0
ROBERT MACLAUCHLAN	TRUSTEE	5.0	Director	$0	$0	$0
SCOTT HUDELSON	TRUSTEE	5.0	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	$675,872	$987,973	$869,112	$-312,101
2023	$486,032	$622,215	$1,063,213	$-136,183
2022	$511,314	$723,642	$1,231,629	$-212,328
2021	$492,828	$658,728	$1,328,357	$-165,900
2020	$413,896	$516,271	$1,479,757	$-102,375
2019	$465,639	$256,569	$1,632,279	$209,070
2018	$228,587	$103,970	$1,273,877	$124,617

IBEW LOCAL 1245 INJURED WORKERS FUND