TRUSTEES OF LOCAL 649 IBEW SUPPLEMENTAL UNEMPLOYMENT BENEFIT WELFARE FUND (EIN 431827623) - 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

1998

Legal Domicile

Principal Officer

TERRY SHEWMAKE

Phone

3147522330

Tax Period

2023-09-01 to 2024-08-31

TRUSTEES OF LOCAL 649 IBEW SUPPLEMENTAL UNEMPLOYMENT BENEFIT WELFARE FUND, founded in 1998, is a small nonprofit in the Mutual Benefit sector that reported $534K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $280K, a strong 52% operating margin.

Mission

TO PROVIDE BENEFITS

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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 $317,373

Investment Income $216,207

Other Revenue $0

TOTAL REVENUE $533,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $63,006

TOTAL EXPENSES $254,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$533,580	$437,745	+0.2%
Expenses	$254,069	$244,536	+0.0%
Net Income	$279,511	$193,209	+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	Role	Reportable Comp	Other Comp	Total
CHAD BOEVING	TRUSTEE	Officer Director	$0	$0	$0
TERRY SHEWMAKE	SECRETARY-TREASURER	Officer Director	$0	$0	$0
BILLY SERBOUSEK	TRUSTEE	Director	$0	$0	$0
ALAN UZZELL	TRUSTEE	Officer Director	$0	$0	$0
RYAN MOUSER	TRUSTEE	Officer 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	$533,580	$254,069	$8,877,659	$279,511
2023	$437,745	$244,536	$7,788,913	$193,209
2022	$402,748	$214,742	$7,434,752	$188,006
2021	$375,153	$359,863	$8,228,339	$15,290
2020	$255,006	$485,389	$7,503,392	$-230,383
2019	$423,247	$226,376	$7,175,021	$196,871
2018	$378,677	$326,307	$6,744,075	$52,370

TRUSTEES OF LOCAL 649 IBEW SUPPLEMENTAL UNEMPLOYMENT BENEFIT WELFARE FUND