IBEW LOCAL 124 - KC CHAPT NECA LABOR MGMT COOPERATIVE TRUST FUND (EIN 436577830) - 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

1995

Legal Domicile

Principal Officer

KENNETH C BORDENBO MOREN

Phone

8169430277

Tax Period

2024-03-01 to 2025-02-28

IBEW LOCAL 124 - KC CHAPT NECA LABOR MGMT COOPERATIVE TRUST FUND, founded in 1995, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $367K, a strong 32% operating margin.

Mission

TO PROMOTE THE USE OF UNION ELECTRICAL CONTRACTORS AND IMPROVE WORKING RELATIONSHIPS BETWEEN EMPLOYERS AND EMPLOYEES.

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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 $1,152,072

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,152,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,969

Fundraising Expenses $0

Other Expenses $764,224

TOTAL EXPENSES $785,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,152,072	$849,199	+0.4%
Expenses	$785,193	$826,900	-0.1%
Net Income	$366,879	$22,299	+15.5%

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
BO MORENO	CHAIRMAN, UNION TRUSTEE	1.00	Officer Director	$0	$0	$0
KENNETH C BORDEN	SECRETARY, BOARD TRUSTEE	1.00	Officer Director	$0	$0	$0
MICHAEL QUARLES	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TROY YATES	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHRIS HEEGN	UNION TRUSTEE	1.00	Director	$0	$0	$0
TODD HOWERTON	UNION 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
2025	$1,152,072	$785,193	$1,554,709	$366,879
2024	$849,199	$826,900	$1,231,359	$22,299
2023	$729,588	$860,218	$1,281,287	$-130,630
2022	$685,146	$711,058	$1,337,290	$-25,912
2021	$576,646	$412,429	$1,381,487	$164,217
2019	$560,567	$443,449	$1,218,461	$117,118

IBEW LOCAL 124 - KC CHAPT NECA LABOR MGMT COOPERATIVE TRUST FUND