IBEW LOCAL 1260 INSURANCE TRUST (EIN 901143236) - 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

1966

Legal Domicile

Principal Officer

LEROY CHINCIO JR

Phone

8089419445

Tax Period

2023-10-01 to 2024-09-30

IBEW LOCAL 1260 INSURANCE TRUST, founded in 1966, is a small nonprofit in the Mutual Benefit sector that reported $141K in total revenue in fiscal year 2023. The organization ran a surplus of $78K, a strong 55% operating margin.

Mission

PROVIDE GROUP LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE TERMS OF THE RELATED COLLECTIVE BARGAINING AGREEMENTS.

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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 $0

Program Service Revenue $121,306

Investment Income $19,612

Other Revenue $0

TOTAL REVENUE $140,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,921

Other Expenses $25

TOTAL EXPENSES $62,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,918	$136,158	+0.0%
Expenses	$62,946	$102,011	-0.4%
Net Income	$77,972	$34,147	+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

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
LEROY CHINCIO JR	TRUSTEE	5.00	Director	$0	$0	$0
RUSSELL JARRETT	TRUSTEE	0.50	Director	$0	$0	$0
RYAN HIGASHI	TRUSTEE	0.50	Director	$0	$0	$0
JAYSA OBADO	TRUSTEE	0.50	Director	$0	$0	$0
TERRIE-LYN LAU	TRUSTEE	0.50	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	$140,918	$62,946	$1,024,800	$77,972
2023	$136,158	$102,011	$946,828	$34,147
2022	$139,138	$45,831	$912,681	$93,307
2021	$140,870	$72,105	$819,374	$68,765
2020	$148,611	$111,289	$752,095	$37,322
2019	$150,097	$135,167	$723,700	$14,930
2018	$142,055	$147,956	$711,210	$-5,901

IBEW LOCAL 1260 INSURANCE TRUST