IBEW LOCAL 617 BENEVOLENT FUND (EIN 824606131) - 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

2018

Legal Domicile

Principal Officer

JEREMY PRICE

Phone

6505744239

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 617 BENEVOLENT FUND, founded in 2018, is a small nonprofit in the Human Services sector that reported $267K in total revenue in fiscal year 2024. Revenue surged 589% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 77% operating margin.

Mission

PROVIDE FINANCIAL RELIEF TO MEMBERS OF IBEW LOCAL 617 WHO BECOME INJURED WHILE PERFORMING COVERED EMPLOYMENT OR WHO OTHERWISE BECOME INJURED, OR WHO HAVE AN ILLNESS OR OTHER MEDICAL CONDITION (INCLUDING AN ILLNESS OR MEDICAL CONDITION OF A MEMBER'S FAMILY MEMBERS), INCLUDING PROVIDING RELIEF TO FAMILY MEMBERS IF A MEMBER OF IBEW LOCAL 617 BECOMES DECEASED (PROVIDING FUNERAL EXPENSES AND RELATED EXPENSES).

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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 $266,379

Program Service Revenue $0

Investment Income $446

Other Revenue $0

TOTAL REVENUE $266,825

Expense Breakdown

Grants Paid $60,037

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,037

Other Expenses $495

TOTAL EXPENSES $60,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,825	$38,749	+5.9%
Expenses	$60,532	$38,426	+0.6%
Net Income	$206,293	$323	+637.7%

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	$266,825	$60,532	$231,131	$206,293

IBEW LOCAL 617 BENEVOLENT FUND