THE 117 ELECTRICAL WORKERS ASSOCIATION (EIN 364433994) - 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

2002

Legal Domicile

Principal Officer

JESSE LENART

Phone

8478547200

Tax Period

2024-01-01 to 2024-12-31

THE 117 ELECTRICAL WORKERS ASSOCIATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $190K in total revenue in fiscal year 2024. Expenses of $267K exceeded revenue, resulting in a 41% operating deficit.

Mission

PROVIDE FACILITIES FOR IBEW LOCAL 117 AND ITS RELATED BENEFIT FUNDS.

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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 $69,527

Investment Income $5,201

Other Revenue $114,851

TOTAL REVENUE $189,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $266,546

TOTAL EXPENSES $266,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,579	$179,131	+0.1%
Expenses	$266,546	$260,687	+0.0%
Net Income	$-76,967	$-81,556	-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

$579,875

Total Directors

$579,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE LENART	BUS MGR/SECY	1.00	Officer Director	$0	$98,257	$277,768
JONATHAN NELSON	PRESIDENT	1.00	Officer Director	$0	$87,445	$237,991
CORY BAUER	VICE PRESIDE	1.00	Officer Director	$0	$0	$64,116
CRAIG TRONGEAU	REC SECY	1.00	Officer Director	$0	$0	$0
RAYMOND PIERONI	TREASURER	1.00	Officer Director	$0	$0	$0
KYLE HORN	EXECUTIVE BO	1.00	Director	$0	$0	$0
DEAN JOHNSON	EXECUTIVE BO	1.00	Director	$0	$0	$0
WADE PETRIAK	EXECUTIVE BO	1.00	Director	$0	$0	$0
SCOTT MCKEE	EXECUTIVE BO	1.00	Director	$0	$0	$0
DAVE FORNEAR	EXECUTIVE BO	1.00	Director	$0	$0	$0
PETER ROLOW	EXECUTIVE BO	1.00	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	$189,579	$266,546	$2,614,805	$-76,967
2023	$179,131	$260,687	$2,691,772	$-81,556
2022	$167,739	$248,655	$2,773,328	$-80,916
2021	$140,259	$246,275	$2,854,244	$-106,016
2020	$131,084	$251,440	$2,960,260	$-120,356
2019	$139,307	$262,561	$3,080,616	$-123,254
2018	$133,094	$256,976	$3,203,870	$-123,882

THE 117 ELECTRICAL WORKERS ASSOCIATION