Flushing, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)JOB SECURITY FUND OF THE ELECTRICIAN INDUSTRY, founded in 2019, is a mid-sized nonprofit in the Employment sector that reported $19.4M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $8.1M, a strong 42% operating margin.
The Job Security Fund of the Electrical industry (the Fund) was established on May 2, 2019, pursuant to the Agreement and Working Rules (Collective Bargaining Agreement) between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) and the electrical contractors' associations and independent electrical contractors (the Participating Employers). Under the terms of the Collective Bargaining Agreements, The Joint Industry Board of the Electrical Industry (the Board) administers the Fund. The Board on behalf of the Fund collects employer contributions designated for the Benefit and Wage Plan, the Job Targeting Fund and the Employment Plan. The Participating Employers contribute different amounts (based on the Collective Bargaining Agreements) of their weekly standard gross wages.
The Job Security Fund of the Electrical industry (the Fund) was established on May 2, 2019, pursuant to the Agreement and Working Rules (Collective Bargaining Agreement) between Local Union No. 3 of...
The Job Security Fund of the Electrical industry (the Fund) was established on May 2, 2019, pursuant to the Agreement and Working Rules (Collective Bargaining Agreement) between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) and the electrical contractors' associations and independent electrical contractors (the Participating Employers). Under the terms of the Collective Bargaining Agreements, The Joint Industry Board of the Electrical Industry (the Board) administers the Fund. The Board on behalf of the Fund collects employer contributions designated for the Benefit and Wage Plan, the Job Targeting Fund and the Employment Plan. The Participating Employers contribute different amounts (based on the Collective Bargaining Agreements) of their weekly standard gross wages.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $19,438,057 | $23,391,047 | -0.2% |
| Expenses | $11,319,739 | $10,516,026 | +0.1% |
| Net Income | $8,118,318 | $12,875,021 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Robert Amabile | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Christopher Erikson | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| John Mannino | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Kristine DeNapoli | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Thomas Cleary | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| JOSEPH SANTIGATE | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Ben D'Alessandro | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $19,438,057 | $11,319,739 | $73,469,949 | $8,118,318 |
| 2022 | $23,391,047 | $10,516,026 | $66,050,042 | $12,875,021 |
| 2021 | $17,745,693 | $9,513,787 | $52,385,137 | $8,231,906 |
| 2020 | $18,877,644 | $7,849,578 | $46,934,609 | $11,028,066 |
| 2019 | $15,896,942 | $7,490,314 | $40,287,512 | $8,406,628 |
Compare JOB SECURITY FUND OF THE ELECTRICIAN INDUSTRY with other nonprofits in New York and across the country.