IBEW LOCAL 176 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND (EIN 363936888) - 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

1994

Legal Domicile

Principal Officer

ANDY RICO

Phone

8157292666

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 176 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND, founded in 1994, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $859K, a strong 28% operating margin.

Mission

TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,570,518

Investment Income $524,411

Other Revenue $0

TOTAL REVENUE $3,094,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,906

Fundraising Expenses $0

Other Expenses $60,864

TOTAL EXPENSES $2,236,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,094,929	$3,623,174	-0.1%
Expenses	$2,236,204	$2,796,308	-0.2%
Net Income	$858,725	$826,866	+0.0%

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

613

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

$543,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY RICO	TRUSTEE	3.00	Director	$0	$110,192	$264,580
NICK OLSON	TRUSTEE	3.00	Director	$0	$10,670	$23,907
RYAN ALDRICH	TRUSTEE	3.00	Director	$0	$110,192	$255,300
DAVID RUDER	TRUSTEE	3.00	Director	$0	$0	$0
JEFF KEAST	TRUSTEE	3.00	Director	$0	$0	$0
PAUL ROLIH	TRUSTEE	3.00	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	$3,094,929	$2,236,204	$13,272,207	$858,725
2023	$3,623,174	$2,796,308	$12,458,210	$826,866
2022	$2,837,740	$2,922,158	$11,196,809	$-84,418
2021	$3,378,514	$2,169,444	$12,073,516	$1,209,070
2020	$3,177,196	$2,086,926	$11,054,177	$1,090,270
2019	$2,517,154	$1,517,287	$9,720,960	$999,867

IBEW LOCAL 176 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND