BOARD OF TRUSTEES IBEW-NECA HOLIDAY TRUST FUND - LOCAL 1 (EIN 436063999) - 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

1966

Legal Domicile

Principal Officer

FRANK JACOBS

Phone

3147522330

Tax Period

2023-11-01 to 2024-10-31

BOARD OF TRUSTEES IBEW-NECA HOLIDAY TRUST FUND - LOCAL 1, founded in 1966, is a mid-sized nonprofit that reported $28.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $25.0M left a modest 13% surplus.

Mission

HOLIDAY 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 $27,834,411

Investment Income $764,915

Other Revenue $35,301

TOTAL REVENUE $28,634,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,792,536

Fundraising Expenses $0

Other Expenses $177,723

TOTAL EXPENSES $24,953,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,634,627	$26,043,976	+0.1%
Expenses	$24,953,033	$21,340,334	+0.2%
Net Income	$3,681,594	$4,703,642	-0.2%

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
DOUGLAS BOYHER	TRUSTEE	Director	$0	$0	$0
FRANK JACOBS	CHAIRMAN	Officer Director	$0	$0	$0
JIM REINHEIMER JR	TRUSTEE	Director	$0	$0	$0
JUSTIN KOHLMAN	TRUSTEE	Director	$0	$0	$0
KYLE MCKENNA	SECRETARY TREASURER	Officer Director	$0	$0	$0
ROBERT SENF	TRUSTEE	Director	$0	$0	$0
TIM CHETTLE	EXITING TRUSTEE	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	$28,634,627	$24,953,033	$32,957,012	$3,681,594
2023	$26,043,976	$21,340,334	$28,672,526	$4,703,642
2022	$21,740,642	$18,391,098	$23,929,661	$3,349,544
2021	$18,382,652	$17,137,898	$21,242,231	$1,244,754
2020	$17,213,918	$16,254,612	$20,238,994	$959,306
2019	$16,672,389	$13,730,928	$19,106,900	$2,941,461
2018	$13,745,036	$13,417,693	$15,853,265	$327,343

BOARD OF TRUSTEES IBEW-NECA HOLIDAY TRUST FUND - LOCAL 1