IBEW Local Union 175 EIAP Fund (EIN 626278471) - 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

1993

Legal Domicile

Principal Officer

Sterling Shelton

Phone

4238943557

Tax Period

2024-01-01 to 2024-12-31

IBEW Local Union 175 EIAP Fund, founded in 1993, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $658K, a strong 48% operating margin.

Mission

PROMOTE EMPLOYMENT FOR UNION ELECTRICAL WORKERS.

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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 $1,303,647

Investment Income $57,651

Other Revenue $0

TOTAL REVENUE $1,361,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $686,645

Other Expenses $703,673

TOTAL EXPENSES $703,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,361,298	$1,272,271	+0.1%
Expenses	$703,673	$537,447	+0.3%
Net Income	$657,625	$734,824	-0.1%

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

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
Kerry R Knowles	Trustee	1.00	Director	$0	$0	$0
Jason D Layne	Trustee	1.00	Director	$0	$0	$0
Sterling Shelton	Trustee	1.00	Director	$0	$0	$0
Michael Doyle	Trustee	1.00	Director	$0	$0	$0
Kevin Green	Trustee	1.00	Director	$0	$0	$0
Ernest E Watkins	President	1.00	Officer	$0	$0	$0
Zachary E Painter	Chairman	1.00	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
2025	No data	No data	No data	No data
2024	$1,361,298	$703,673	$3,694,055	$657,625
2023	$1,272,271	$537,447	$3,014,299	$734,824
2022	$1,143,362	$951,287	$2,143,020	$192,075
2021	$1,187,164	$1,021,700	$2,061,329	$165,464
2020	$1,050,333	$1,143,495	$1,891,497	$-93,162
2019	$1,740,552	$1,055,093	$1,984,659	$685,459
2018	$1,219,232	$844,227	$1,299,200	$375,005

IBEW Local Union 175 EIAP Fund