IBEW LOCAL NO 2 NECA SAFETY TRAINING TRUST (EIN 376414314) - 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

2006

Legal Domicile

Principal Officer

KENNETH PEEBLES

Phone

3146452236

Tax Period

2021-10-01 to 2022-02-28

IBEW LOCAL NO 2 NECA SAFETY TRAINING TRUST, founded in 2006, is a micro nonprofit that reported $3K in total revenue in fiscal year 2021. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 1162% operating deficit.

Mission

TO PROVIDE SAFETY TRAINING TO HANDS ON, CLASSROOM AND OTHER EDUCATIONAL ACTIVITIES AND PROGRAMS WITH RESPECT TO WORK WITHIN THE JURISDICTION OF OUTSIDE AND UTILITY WORKERS AS DESCRIBED IN THE CONSTITUTION OF THE IBEW AND WORK RELATED THERETO.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $188

Investment Income $2,506

Other Revenue $0

TOTAL REVENUE $2,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,986

TOTAL EXPENSES $33,986

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,694	$7,284	-0.6%
Expenses	$33,986	$61,494	-0.4%
Net Income	$-31,292	$-54,210	-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

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
KENNETH PEEBLES	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN BANDERMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOE MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN SETTLE	TRUSTEE	2.00	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
2022	$2,694	$33,986	No data	$-31,292
2021	$7,284	$61,494	$588,323	$-54,210
2020	$12,971	$67,246	$646,542	$-54,275
2019	$25,839	$103,423	$692,237	$-77,584
2018	$15,186	$55,896	$762,600	$-40,710

IBEW LOCAL NO 2 NECA SAFETY TRAINING TRUST