ELECTRICAL EMPLOYERS SELF INSURANCE SAFETY PLAN (EIN 510151311) - 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

1964

Legal Domicile

Phone

7185912000

Tax Period

2023-01-01 to 2023-12-31

ELECTRICAL EMPLOYERS SELF INSURANCE SAFETY PLAN, founded in 1964, is a mid-sized nonprofit that reported $96.4M in total revenue in fiscal year 2023. Expenses of $91.6M left a modest 5% surplus.

Mission

The Plan collects and invests funds received from electrical contractors for the purpose of providing statutory and collectively bargained workers' compensation and disability benefits to members of Local Union No. 3 of the International Brotherhood of Electrical Workers AFL- CIO ("Local 3")

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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 $79,400,433

Investment Income $17,002,304

Other Revenue $0

TOTAL REVENUE $96,402,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,134,679

TOTAL EXPENSES $91,569,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,402,737	$95,594,996	+0.0%
Expenses	$91,569,708	$159,476,254	-0.4%
Net Income	$4,833,029	$-63,881,258	-1.1%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Barbaro	Secretary	1	Director	$0	$0	$0
Stephen Gianotti	Vice Chairman	1	Director	$0	$0	$0
Kristine DeNapoli	Treasurer	1	Director	$0	$0	$0
Jean L'Allier	Director	1	Director	$0	$0	$0
Ciro J Lupo	Chairman	1	Director	$0	$0	$0
Parag Kapadia	Trustee	1	Director	$0	$0	$0
Paul Kleinberg	Trustee	1	Director	$0	$0	$0
Robert Amabile	Trustee	1	Director	$0	$0	$0
Anthony E Mann	Trustee	1	Director	$0	$0	$0
Jody Garofolo	Trustee	1	Director	$0	$0	$0
Herb Rocchi	Trustee	1	Director	$0	$0	$0
Hal Sokoloff	Trustee	1	Director	$0	$0	$0
Dave Parker	Trustee	1	Director	$0	$0	$0
Martin Rostowsky	Trustee	1	Director	$0	$0	$0
Alex Samilenko	Trustee	1	Director	$0	$0	$0
JOHN DARDIS	TRUSTEE	1	Director	$0	$0	$0
SUSAN PASCALE	TRUSTEE	1	Director	$0	$0	$0
ROBERT SAVILLE	TRUSTEE	1	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	$96,402,737	$91,569,708	$318,681,579	$4,833,029
2022	$95,594,996	$159,476,254	$300,793,770	$-63,881,258
2021	$85,315,230	$104,835,260	$351,418,450	$-19,520,030
2020	$105,421,274	$101,152,418	$355,326,121	$4,268,856
2019	$100,030,665	$101,479,497	$360,442,171	$-1,448,832
2018	$147,811,762	$95,911,547	$334,821,687	$51,900,215

ELECTRICAL EMPLOYERS SELF INSURANCE SAFETY PLAN