IBEW LOCAL 701 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND (EIN 364166378) - 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

1998

Legal Domicile

Principal Officer

CHRIS TENEYCK

Phone

6303931701

Tax Period

2024-06-01 to 2025-05-31

IBEW LOCAL 701 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND, founded in 1998, is a small nonprofit that reported $200K in total revenue in fiscal year 2020. Revenue surged 298% from the prior year, signaling strong growth momentum. Expenses of $172K left a modest 14% surplus.

Mission

PROVIDE INCOME SECURITY DURING LAYOFFS.

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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 $22

Investment Income $65,559

Other Revenue $0

TOTAL REVENUE $65,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $53,509

TOTAL EXPENSES $76,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,581	$45,303	+0.4%
Expenses	$76,519	$59,932	+0.3%
Net Income	$-10,938	$-14,629	-0.3%

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

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

$22,457

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY GIUNTI	TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM DREW	TRUSTEE	3.00	Director	$0	$5,548	$13,032
ROBERT PANATERA	TRUSTEE	3.00	Director	$0	$761	$2,196
FRANK GRAVINA	TRUSTEE	3.00	Director	$0	$0	$0
KEVIN CONNELLY	FORMER TRUSTEE	3.00	Director	$0	$0	$0
ANTHONY MULIZIO	TRUSTEE	3.00	Director	$0	$0	$0
GIUSEPPE MUZZUPAPPA	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL SANTIEMMO	TRUSTEE	3.00	Director	$0	$2,981	$7,229
BRIAN CLARK	TRUSTEE	3.00	Director	$0	$0	$0
CHRIS TENEYCK	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
2025	$65,581	$76,519	$1,561,126	$-10,938
2024	$45,303	$59,932	$1,505,573	$-14,629
2023	$54,379	$57,899	$1,475,591	$-3,520
2022	$192,407	$68,400	$1,517,240	$124,007
2021	$199,945	$172,378	$1,465,869	$27,567

IBEW LOCAL 701 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND