IBEW LOCAL #141 VACATION PLAN (EIN 550485491) - 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

GLENN D GRIFFIN

Phone

3042423870

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL #141 VACATION PLAN, founded in 1995, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024.

Mission

PROVIDE VACATION BENEFITS FOR UNION MEMBERS

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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 $2,657,510

Investment Income $0

Other Revenue $27,412

TOTAL REVENUE $2,684,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $34,837

TOTAL EXPENSES $2,793,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,684,922	$2,809,536	0.0%
Expenses	$2,793,064	$2,768,075	+0.0%
Net Income	$-108,142	$41,461	-3.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
EDMUND J YAHN JR	SECRETARY	Officer Director	$0	$0	$0
GLENN D GIFFIN	CHAIRMAN	Officer Director	$0	$0	$0
THOMAS SCHIFFER	TRUSTEE	Director	$0	$0	$0
BRUCE LAWSON	TRUSTEE	Director	$0	$0	$0
DAVE CANTRELL	TRUSTEE	Director	$0	$0	$0
JACOB ROTH	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	$2,684,922	$2,793,064	$461,381	$-108,142
2023	$2,809,536	$2,768,075	$565,644	$41,461
2022	$2,211,788	$1,846,812	$524,929	$364,976
2021	$1,603,537	$1,657,053	$159,657	$-53,516
2020	$2,247,330	$2,266,254	$214,951	$-18,924
2019	$2,492,950	$2,699,481	$230,141	$-206,531
2018	$3,157,210	$2,991,487	$439,803	$165,723

IBEW LOCAL #141 VACATION PLAN