IBEW LOCAL 617 SCHOLARSHIP FUND

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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

2017

Legal Domicile

Principal Officer

JEREMY PRICE

Phone

6505744239

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 617 SCHOLARSHIP FUND, founded in 2017, is a small nonprofit in the Education sector that reported $240K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 66% operating margin.

Mission

PROVIDE SCHOLARSHIPS FOR CHILDERN OF MEMBERS OF IBEW LOCAL 617 TO ATTEND UNIVERSITIES, COLLEGES AND OTHER EDUCATIONAL INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $81,000 Revenue: $238,922

PROVIDE SCHOLARSHIPS FOR CHILDREN OF MEMBERS OF IBEW LOCAL 617 TO ATTEND UNIVERSITIES, COLLEGES AND OTHER EDUCATIONAL INSTITUTIONS.

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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 $238,922

Program Service Revenue $0

Investment Income $664

Other Revenue $322

TOTAL REVENUE $239,908

Expense Breakdown

Grants Paid $81,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,000

Other Expenses $1,075

TOTAL EXPENSES $82,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,908	$138,864	+0.7%
Expenses	$82,075	$63,590	+0.3%
Net Income	$157,833	$75,274	+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	Role	Reportable Comp	Other Comp	Total
PAUL BOSSIERE	EXECUTIVE BOARD	Director	$0	$0	$0
SARA GLASCOCK	EXECUTIVE BOARD	Director	$0	$0	$0
THOMAS GOMEZ	EXECUTIVE BOARD	Director	$0	$0	$0
JEFF MILLER	EXECUTIVE BOARD	Director	$0	$0	$0
RAMA PEDERSON	EXECUTIVE BOARD	Director	$0	$0	$0
JEREMY PRICE	EXECUTIVE BOARD	Director	$0	$0	$0
ALAN SHEEHAN	EXECUTIVE BOARD	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	$239,908	$82,075	$253,960	$157,833