BOARD OF TRUSTEES OF IBEW-NECA VACATION FUND LOCAL 257 (EIN 436107665) - 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

1969

Legal Domicile

Principal Officer

JOEL VANDERSLICE

Phone

3147522330

Tax Period

2024-01-01 to 2024-12-31

BOARD OF TRUSTEES OF IBEW-NECA VACATION FUND LOCAL 257, founded in 1969, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Expenses of $3.2M left a modest 3% surplus.

Mission

VACATION 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,276,812

Investment Income $63,140

Other Revenue $903

TOTAL REVENUE $3,340,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,754

Fundraising Expenses $0

Other Expenses $126,167

TOTAL EXPENSES $3,237,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,340,855	$3,254,517	+0.0%
Expenses	$3,237,609	$3,098,677	+0.0%
Net Income	$103,246	$155,840	-0.3%

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
JOEL VANDERSLICE	CHAIRMAN	Director	$0	$0	$0
MARK SCHROEDER	TRUSTEE	Director	$0	$0	$0
DALE SULLENS	TRUSTEE	Director	$0	$0	$0
XAVIER GASSIER	SECRETARY / TREASURER	Director	$0	$0	$0
PAUL JEFFRIES	TRUSTEE	Director	$0	$0	$0
DENNIS PALMER	TRUSTEE	Director	$0	$0	$0
MICHAEL FANNING	EXITING CHAIRMAN	Director	$0	$0	$0
DARRYL JEFFRIES	EXITING TRUSTEE	Director	$0	$0	$0
SAM LUEBBERING	EXITING TRUSTEE	Director	$0	$0	$0
MICHAEL WIEBERG	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	$3,340,855	$3,237,609	$2,638,686	$103,246
2023	$3,254,517	$3,098,677	$2,531,796	$155,840
2022	$2,972,245	$2,680,480	$2,399,372	$291,765
2021	$2,633,348	$2,552,512	$2,084,455	$80,836
2020	$2,471,112	$2,736,745	$2,004,569	$-265,633
2019	$2,902,571	$2,579,015	$2,307,071	$323,556
2018	$2,479,615	$2,579,992	$1,945,028	$-100,377

BOARD OF TRUSTEES OF IBEW-NECA VACATION FUND LOCAL 257