DAKOTAS AREAWIDE IBEW-NECA VACATIO… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

DYLAN MEYER

Phone

7012374787

Tax Period

2023-01-01 to 2023-12-31

DAKOTAS AREAWIDE IBEW-NECA VACATION & HOLIDAY TRUST FUND, founded in 1978, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $7.9M left a modest 11% surplus.

Mission

TO PROVIDE AND MAINTAIN BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES AS SPECIFIED IN THE PLAN DOCUMENT.

Program Service Accomplishments

Program 1

TO PROVIDE VACATION, HOLIDAY, AND SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE PLAN DOCUMENT.

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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 $8,708,218

Investment Income $174,059

Other Revenue $0

TOTAL REVENUE $8,882,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $69,356

TOTAL EXPENSES $7,939,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,882,277	$7,178,206	+0.2%
Expenses	$7,939,136	$6,646,859	+0.2%
Net Income	$943,141	$531,347	+0.8%

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

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

$286,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ROBINSON	TRUSTEE	1.00	Director	$0	$33,653	$126,717
RANDY STAINBROOK	CHAIRMAN - PAST	1.00	Officer Director	$0	$0	$0
DYLAN MEYER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE PLANK	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WOLF	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY DENAULT	TRUSTEE	1.00	Director	$0	$25,602	$159,557
ED CHRISTIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT JARDING	TRUSTEE	1.00	Director	$0	$0	$0
DUANE HAERTLING	TRUSTEE	1.00	Director	$0	$0	$0
JAMES RUUD	TRUSTEE - PAST	1.00	Director	$0	$0	$0
BRIAN SPADER	TRUSTEE	1.00	Director	$0	$0	$0
DREW FLURER	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
2024	No data	No data	No data	No data
2023	$8,882,277	$7,939,136	$6,395,346	$943,141
2022	$7,178,206	$6,646,859	$5,448,354	$531,347
2021	$6,471,191	$5,890,039	$4,917,933	$581,152
2020	$5,781,825	$6,512,185	$4,337,752	$-730,360
2019	$6,838,483	$5,947,527	$5,068,222	$890,956
2018	$5,604,977	$5,592,400	$4,177,736	$12,577

DAKOTAS AREAWIDE IBEW-NECA VACATION & HOLIDAY TRUST FUND