IBEW-NECA SERVICE CENTER INC (EIN 430896804) - 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

1985

Legal Domicile

Principal Officer

COREY WIRTH

Phone

3147522330

Tax Period

2024-01-01 to 2024-12-31

IBEW-NECA SERVICE CENTER INC, founded in 1985, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 13% surplus.

Mission

EMPLOYEE BENEFIT PLAN ADMINISTRATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,131,277

Investment Income $0

Other Revenue $8,809

TOTAL REVENUE $6,140,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,267,369

Fundraising Expenses $0

Program Expenses $5,331,813

Other Expenses $2,064,444

TOTAL EXPENSES $5,331,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,140,086	$4,029,263	+0.5%
Expenses	$5,331,813	$4,288,343	+0.2%
Net Income	$808,273	$-259,080	-4.1%

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

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

$361,157

Total Directors

$361,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY WIRTH	EXECUTIVE DI	40.00	Officer Director	$302,766	$58,391	$361,157
ROBERT DUSSOLD	DIRECTOR	N/A	Director	$0	$0	$0
FRANK JACOBS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL FOGARTY JR	DIRECTOR	N/A	Director	$0	$0	$0
KYLE MCKENNA	DIRECTOR	N/A	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	$6,140,086	$5,331,813	$1,709,288	$808,273
2023	$4,029,263	$4,288,343	$471,974	$-259,080
2022	$3,581,472	$3,581,655	$889,042	$-183
2021	$3,955,705	$3,524,700	$790,350	$431,005
2020	$3,446,381	$3,424,175	$324,391	$22,206
2019	$3,377,250	$3,399,841	$408,976	$-22,591
2018	$3,080,521	$3,096,469	$312,243	$-15,948

IBEW-NECA SERVICE CENTER INC