TRUSTEES OF IBEW 257-NECA INCOME SECURITY FUND (EIN 431845782) - 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

1999

Legal Domicile

Principal Officer

XAVIER GASSIER

Phone

3147522330

Tax Period

2023-01-01 to 2023-12-31

TRUSTEES OF IBEW 257-NECA INCOME SECURITY FUND, founded in 1999, is a small nonprofit in the Mutual Benefit sector that reported $538K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $279K, a strong 52% operating margin.

Mission

EMPLOYEE BENEFIT PLAN

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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 $329,287

Investment Income $208,050

Other Revenue $472

TOTAL REVENUE $537,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,659

Fundraising Expenses $0

Program Expenses $273,731

Other Expenses $80,124

TOTAL EXPENSES $258,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$537,809	$487,479	+0.1%
Expenses	$258,531	$288,678	-0.1%
Net Income	$279,278	$198,801	+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
MARK SCHRODER	TRUSTEE	Director	$0	$0	$0
DENNIS PALMER	TRUSTEE	Director	$0	$0	$0
MIKE FANNING	CHAIRMAN	Officer Director	$0	$0	$0
DALE SULLENS	TRUSTEE	Director	$0	$0	$0
PAUL JEFFRIES	TRUSTEE	Director	$0	$0	$0
XAVIER GASSIER	SECRETARY-TREASURER	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	No data	No data	No data	No data
2023	$537,809	$258,531	$3,996,363	$279,278
2022	$487,479	$288,678	$3,661,406	$198,801
2021	$366,187	$336,399	$3,987,914	$29,788
2020	$436,978	$456,612	$3,967,358	$-19,634
2019	$567,706	$360,802	$3,770,403	$206,904
2018	$458,426	$267,992	$3,437,229	$190,434

TRUSTEES OF IBEW 257-NECA INCOME SECURITY FUND