IBEW LOCAL 8 SCHOLARSHIP FUND (EIN 866371696) - 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

2020

Legal Domicile

Principal Officer

SHAUN ENRIGHT

Phone

4196668920

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 8 SCHOLARSHIP FUND, founded in 2020, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $17K, a strong 36% operating margin.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS FOR IBEW LOCAL 8 MEMBERS' CHILDREN

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,436

Program Service Revenue $0

Investment Income $17,444

Other Revenue $0

TOTAL REVENUE $46,880

Expense Breakdown

Grants Paid $27,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,500

Other Expenses $2,350

TOTAL EXPENSES $29,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,880	$689,848	-0.9%
Expenses	$29,850	$35,625	-0.2%
Net Income	$17,030	$654,223	-1.0%

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

$573,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY GROSSWILER	TRUSTEE	1.00	Director	$0	$55,315	$225,961
VINCENT P HESTER II	TRUSTEE	1.00	Director	$0	$55,355	$168,007
THOMAS ENRIGHT	TRUSTEE	1.00	Director	$0	$55,315	$167,967
SHAUN ENRIGHT	TRUSTEE	1.00	Director	$0	$0	$5,796
PATRICIO COVARRUBIAS	TRUSTEE	1.00	Director	$0	$445	$4,846
RAFFAELLO RUGGIERO	TRUSTEE	1.00	Director	$0	$180	$574

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	No data	No data	No data	No data
2023	$46,880	$29,850	$731,562	$17,030
2022	$689,848	$35,625	$647,499	$654,223

IBEW LOCAL 8 SCHOLARSHIP FUND