CAROLINAS ELECTRICAL WORKERS VACATION FUND (EIN 861444655) - 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

2021

Legal Domicile

Principal Officer

MICHAEL CRIBBS

Phone

9542666322

Tax Period

2024-01-01 to 2024-12-31

CAROLINAS ELECTRICAL WORKERS VACATION FUND, founded in 2021, is a community nonprofit in the Mutual Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $626K, a strong 32% operating margin.

Mission

TO PROVIDE FRINGE VACATION BENEFITS FOR THE EMPLOYEES COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS OF LOCAL UNIONS 238, 342, 495, 379, 553 AND 776 OF THE IBEW AND THE ATLANTIC COAST CHAPTER OF THE NECA.

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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 $1,935,843

Investment Income $12,644

Other Revenue $0

TOTAL REVENUE $1,948,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $36,236

TOTAL EXPENSES $1,322,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,948,487	$857,241	+1.3%
Expenses	$1,322,301	$739,540	+0.8%
Net Income	$626,186	$117,701	+4.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB AXFORD	UNION TRUSTEE	1.00	Director	$0	$0	$0
E VAN MUMFORD	UNION TRUSTEE	1.00	Director	$0	$0	$0
RICK SLUDER	UNION TRUSTEE	1.00	Director	$0	$0	$0
SCOTT THROWER	UNION TRUSTEE	1.00	Director	$0	$0	$0
ALVIN WARWICK	SECRETARY	1.00	Director	$0	$0	$0
JAMES HOLLMAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
MIKE CRIBBS	CHAIRMAN	1.00	Director	$0	$0	$0
RICHARD PADILLA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TERRY J LETTE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TREVOR KRIEG	EMPLOYER TRUSTEE	1.00	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
2024	$1,948,487	$1,322,301	$1,051,651	$626,186
2023	$857,241	$739,540	$425,465	$117,701
2021	$624,264	$348,410	$275,854	$275,854

CAROLINAS ELECTRICAL WORKERS VACATION FUND