ELECTRICAL INDUSTRY SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE (EIN 386080379) - 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

1963

Legal Domicile

Principal Officer

E CRAIG YOUNG

Phone

5865759200

Tax Period

2023-01-01 to 2023-12-31

ELECTRICAL INDUSTRY SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE, founded in 1963, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE SOME MEASURE OF INCOME SECURITY DURING PERIODS OF LAY-OFF TO ELECTRICIANS OF IBEW LOCAL 58.

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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 $826,481

Investment Income $876,766

Other Revenue $371

TOTAL REVENUE $1,703,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,640

Fundraising Expenses $0

Program Expenses $2,575,901

Other Expenses $491,662

TOTAL EXPENSES $2,575,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,703,618	$2,737,105	-0.4%
Expenses	$2,575,901	$2,444,361	+0.1%
Net Income	$-872,283	$292,744	-4.0%

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

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

$436,176

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E CRAIG YOUNG	BENEFITS DIR	1.00	Key Emp	$0	$54,226	$436,176
MICHELE DAVIS	ASS'T BENE.	1.00	Highest	$0	$54,226	$200,726
SARAH PADGETT	ASS'T BENE D	1.00	Highest	$0	$54,226	$198,750
NICK CHAPITAL	TRUSTEE/CHAI	1.00	Director	$0	$0	$0
ANDRE CROOK	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS DIEDERICHS	TRUSTEE-PAST	1.00	Director	$0	$0	$0
MARCO GARCIA	TRUSTEE	1.00	Director	$0	$0	$0
JASON HEAD	TRUSTEE/SECR	1.00	Director	$0	$0	$0
THOMAS MITTELBRUN III	TRUSTEE	1.00	Director	$0	$0	$0
WARREN WINTERMANTEL	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	$1,703,618	$2,575,901	$57,269,232	$-872,283
2022	$2,737,105	$2,444,361	$55,226,519	$292,744
2021	$1,673,877	$1,836,123	$63,631,325	$-162,246
2020	$4,457,749	$8,563,486	$60,525,265	$-4,105,737
2019	$2,889,404	$4,888,751	$66,127,342	$-1,999,347
2018	$6,232,772	$3,882,952	$62,400,670	$2,349,820

ELECTRICAL INDUSTRY SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND OF THE