IBEW-124 VACATION AND HOLIDAY TRUST FUND (EIN 430909522) - 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

1968

Legal Domicile

Principal Officer

KENNETH C BORDEN

Phone

8169430277

Tax Period

2023-09-01 to 2024-08-31

IBEW-124 VACATION AND HOLIDAY TRUST FUND, founded in 1968, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 20% operating margin.

Mission

TO PROVIDE VACATION AND HOLIDAY BENEFITS TO THE PARTICIPANTS.

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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 $15,112,537

Investment Income $420,751

Other Revenue $1,368

TOTAL REVENUE $15,534,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $112,196

TOTAL EXPENSES $12,448,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,534,656	$12,262,598	+0.3%
Expenses	$12,448,825	$10,305,679	+0.2%
Net Income	$3,085,831	$1,956,919	+0.6%

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

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 C BORDEN	CHAIRMAN, EMPLOYER TRUSTEE	1.00	Officer Director	$0	$0	$0
BO MORENO	SECRETARY, UNION TRUSTEE	1.00	Officer Director	$0	$0	$0
TODD HOWERTON	UNION TRUSTEE	1.00	Director	$0	$0	$0
TROY YATES	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER BARNES	UNION TRUSTEE	1.00	Director	$0	$0	$0
RITA BASLOCK	EMPLOYER 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	$15,534,656	$12,448,825	$13,848,688	$3,085,831
2023	$12,262,598	$10,305,679	$10,779,270	$1,956,919
2022	$10,126,095	$8,884,825	$8,746,251	$1,241,270
2021	$8,580,106	$8,134,502	$7,490,902	$445,604
2020	$8,870,159	$8,618,132	$7,016,744	$252,027
2018	$7,473,589	$8,105,507	$6,220,035	$-631,918

IBEW-124 VACATION AND HOLIDAY TRUST FUND