IBEW LOCAL UNION 354 AND INTERMOUN NECA RETIREMENT BENEFIT FUND (EIN 870633646) - 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

1997

Legal Domicile

Principal Officer

STEVE WOODMAN

Phone

7024152180

Tax Period

2024-03-01 to 2025-02-28

IBEW LOCAL UNION 354 AND INTERMOUN NECA RETIREMENT BENEFIT FUND, founded in 1997, is a community nonprofit in the Mutual Benefit sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 85% operating margin.

Mission

REIMBURSE HEALTH INSURANCE PREMIUMS

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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 $997,237

Investment Income $2,087,300

Other Revenue $0

TOTAL REVENUE $3,084,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $275,868

TOTAL EXPENSES $447,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,084,537	$1,541,655	+1.0%
Expenses	$447,449	$386,073	+0.2%
Net Income	$2,637,088	$1,155,582	+1.3%

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

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
SERGIO SOTELO	Trustee	Director	$0	$0	$0
KLAAS DEBOER	Trustee	Director	$0	$0	$0
JOSH MAYCOCK	Trustee	Director	$0	$0	$0
STEVE WOODMAN	Trustee	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
2025	$3,084,537	$447,449	$25,059,502	$2,637,088
2024	$1,541,655	$386,073	$22,598,482	$1,155,582
2023	$1,444,517	$359,299	$18,187,318	$1,085,218
2022	$2,128,413	$353,774	$20,180,484	$1,774,639
2021	$1,309,930	$305,715	$18,824,486	$1,004,215
2020	$1,729,235	$276,546	$15,017,422	$1,452,689
2019	$2,136,423	$246,851	$13,196,741	$1,889,572

IBEW LOCAL UNION 354 AND INTERMOUN NECA RETIREMENT BENEFIT FUND