ELECTRICAL WORKERS' JOINT BOARD OF TRUSTEES - VACATION FUND

EIN: 381415532

MADISON HEIGHTS, MI

Total Revenue
$5,258,129
Total Expenses
$5,191,721
Total Assets
$1,507,375
Net Assets
$329,605
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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
1952
Legal Domicile
MI
Principal Officer
E CRAIG YOUNG
Phone
5865759200
Tax Period
2024-01-01 to 2024-12-31

ELECTRICAL WORKERS' JOINT BOARD OF TRUSTEES - VACATION FUND, founded in 1952, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024.

Mission

THE VACATION FUND WAS CREATED FOR THE PURPOSE OF MAKING DISTRIBUTIONS OF VACATION PAY TO EMPLOYEES ENTITLED TO SUCH UNDER A COLLECTIVE BARGAINING AGREEMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,158,509
Investment Income $99,620
Other Revenue $0
TOTAL REVENUE $5,258,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,586
Fundraising Expenses $0
Program Expenses $5,191,721
Other Expenses $98,519
TOTAL EXPENSES $5,191,721

Year-over-Year Comparison

2024 2023 Change
Revenue $5,258,129 $5,434,769 0.0%
Expenses $5,191,721 $5,347,470 0.0%
Net Income $66,408 $87,299 -0.2%
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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Governance

Voting Members
6
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
0
$0
Total Directors
9
$779,280
Key Employees
1
$455,124
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
E CRAIG YOUNG BENEFITS DIR 1.00
Key Emp
$0 $55,951 $455,124
JASON HEAD TRUSTEE/SECR 1.00
Director
$0 $51,670 $273,070
MICHELE DAVIS ASS'T BENE. 1.00
Highest
$0 $55,951 $224,300
JAMES SOOSIK TRUSTEE 1.00
Director
$0 $58,928 $202,088
JESSICA CYPRUS ACCOUNTANT 1.00
Highest
$0 $55,926 $166,726
KIMBERLY L'HEUREUX TRUSTEE 1.00
Director
$0 $50,831 $165,705
JAMES PELTIER TRUSTEE-PAST 1.00
Director
$0 $33,880 $119,496
JOSEPH DIEDERICHS TRUSTEE/CHAI 1.00
Director
$0 $5,777 $18,921
WILLIAM DARISH TRUSTEE 1.00
Director
$0 $0 $0
JOHN FULGENZI TRUSTEE 1.00
Director
$0 $0 $0
THOMAS MITTELBRUN III TRUSTEE-PAST 1.00
Director
$0 $0 $0
A STEVEN WELLEIN TRUSTEE-PAST 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 $5,258,129 $5,191,721 $1,507,375 $66,408
2023 $5,434,769 $5,347,470 $1,585,496 $87,299
2022 $5,405,039 $5,419,959 $1,522,033 $-14,920
2021 $5,432,574 $5,440,769 $1,493,287 $-8,195
2020 $5,356,923 $5,361,085 $1,627,012 $-4,162
2019 $6,423,314 $6,299,392 $1,764,026 $123,922
2018 $6,884,302 $7,039,434 $1,809,735 $-155,132
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