JOB SECURITY FUND OF THE ELECTRICIAN INDUSTRY (EIN 364941184) - 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

2019

Legal Domicile

Phone

7185912000

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

The Job Security Fund's main principle activity is the supervision and administration of seeking employment for Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) members.

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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 $14,882,056

Investment Income $4,556,001

Other Revenue $0

TOTAL REVENUE $19,438,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,240,792

Fundraising Expenses $0

Program Expenses $0

Other Expenses $9,804,210

TOTAL EXPENSES $11,319,739

Year-over-Year Comparison

	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%

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

N/A

Employees

N/A

Volunteers

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
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

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	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

JOB SECURITY FUND OF THE ELECTRICIAN INDUSTRY