IBEW LOCAL 968 VACATION FUND C/O UNION TRADES FEDERAL CREDIT UNION (EIN 550672681) - 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

1966

Legal Domicile

Principal Officer

MARK DEEM

Phone

3044857412

Tax Period

2025-01-01 to 2025-12-31

IBEW LOCAL 968 VACATION FUND C/O UNION TRADES FEDERAL CREDIT UNION, founded in 1966, is a community nonprofit in the Mutual Benefit sector that reported $2.0M in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE VACATION BENEFITS TO MEMBER ELECTRICIANS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,994,942

Investment Income $1,622

Other Revenue $0

TOTAL REVENUE $1,996,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,975,953

Other Expenses $20,611

TOTAL EXPENSES $1,996,564

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,996,564	$1,473,141	+0.4%
Expenses	$1,996,564	$1,473,141	+0.4%
Net Income	$0	$0	N/A

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
KYLE WARD	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS LUKE CARPENTER	TRUSTEE	2.00	Director	$0	$0	$0
LORNE MILLS	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK DEEM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JASON BLUE	TRUSTEE	2.00	Director	$0	$0	$0
JOSHUA BLUE	TRUSTEE	2.00	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	$1,996,564	$1,996,564	$1,220,369	No data
2024	No data	No data	No data	No data
2023	$2,234,433	$2,234,433	$1,431,752	No data
2022	$1,634,340	$1,634,340	$995,684	No data
2021	$1,464,881	$1,464,881	$863,950	No data
2020	$1,365,643	$1,365,643	$707,324	No data
2019	$1,903,428	$1,903,428	$1,020,411	No data
2018	$1,934,715	$1,934,715	$996,066	No data

IBEW LOCAL 968 VACATION FUND C/O UNION TRADES FEDERAL CREDIT UNION