IBEW LOCAL 596 VACATION FUND (EIN 550776922) - 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

2000

Legal Domicile

Principal Officer

JOHN YOUNG

Phone

3045250331

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 596 VACATION FUND, founded in 2000, is a community nonprofit in the Mutual Benefit sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 34% 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,580,869

Investment Income $13,777

Other Revenue $0

TOTAL REVENUE $2,594,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,594,646

Other Expenses $23,665

TOTAL EXPENSES $2,594,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,594,646	$1,930,226	+0.3%
Expenses	$2,594,646	$1,930,226	+0.3%
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

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
BRUCE LAWSON	TRUSTEE	2.00	Director	$0	$0	$0
AMY HELMICK	TRUSTEE	2.00	Director	$0	$0	$0
SHAWN YOUNG	TRUSTEE	2.00	Director	$0	$0	$0
JOHN YOUNG	CHAIRMAN	2.00	Officer Director	$0	$0	$0
COLTON BANE	TRUSTEE	2.00	Director	$0	$0	$0
JAMES BANE	VICE PRESIDENT	2.00	Officer	$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	$2,594,646	$2,594,646	$724,123	No data
2023	$1,930,226	$1,930,226	$707,771	No data
2022	$2,094,026	$2,094,026	$510,582	No data
2021	$3,040,862	$3,040,862	$1,027,471	No data
2020	$2,381,761	$2,381,761	$901,983	No data
2019	$2,679,429	$2,679,429	$737,647	No data
2018	$2,632,898	$2,632,898	$1,004,123	No data

IBEW LOCAL 596 VACATION FUND