LOCAL 309 IBEW INCOME SECURITY FUND (EIN 371414717) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

CARLOS PEREZ

Phone

6183442002

Tax Period

2023-01-01 to 2023-12-31

LOCAL 309 IBEW INCOME SECURITY FUND, founded in 2001, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $696K, a strong 56% operating margin.

Mission

PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE UNION MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,042,928

Investment Income $183,398

Other Revenue $14,118

TOTAL REVENUE $1,240,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,873

Fundraising Expenses $0

Other Expenses $81,533

TOTAL EXPENSES $544,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,240,444	$954,401	+0.3%
Expenses	$544,476	$550,155	0.0%
Net Income	$695,968	$404,246	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HANKINS	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW EICHHOLZ	TRUSTEE	1.00	Director	$0	$0	$0
LUKE GLAESER	TRUSTEE	1.00	Director	$0	$0	$0
TOM O'HARA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL STUART	TRUSTEE	1.00	Director	$0	$0	$0
BILLY SEBOUSEK	TRUSTEE	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	No data	No data	No data	No data
2023	$1,240,444	$544,476	$13,284,079	$695,968
2022	$954,401	$550,155	$11,384,111	$404,246
2021	$1,437,379	$775,632	$12,449,386	$661,747
2020	$1,404,482	$1,025,634	$11,614,144	$378,848
2019	$1,417,478	$628,346	$10,586,235	$789,132
2018	$1,193,695	$798,343	$9,296,360	$395,352

LOCAL 309 IBEW INCOME SECURITY FUND