IBEW LOCAL 40 - NECA TRAINING TRUST (EIN 954660514) - 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

STEPHAN DAVIS

Phone

8008867559

Tax Period

2023-10-01 to 2024-09-30

IBEW LOCAL 40 - NECA TRAINING TRUST, founded in 1997, is a small nonprofit that reported $932K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $245K, a strong 26% operating margin.

Mission

ESTABLISHING AND MAINTAINING LOCAL STANDARDS GOVERNING THE SELECTION, QUALIFICATIONS, EDUCATION AND TRAINING OF ALL APPRENTICES, JOURNEYMEN AND OTHER PERSONNEL IN THE ELECTRICAL CONSTRUCTION INDUSTRY.

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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 $611,125

Investment Income $98,635

Other Revenue $222,164

TOTAL REVENUE $931,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,150

Fundraising Expenses $0

Other Expenses $389,172

TOTAL EXPENSES $687,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,924	$1,195,498	-0.2%
Expenses	$687,322	$510,989	+0.3%
Net Income	$244,602	$684,509	-0.6%

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

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
ERIC CARTIER	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
STEVE SZALAY	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
PETER DIAMOND	UNION TRUSTEE	1.0	Director	$0	$0	$0
STEPHAN DAVIS	UNION TRUSTEE	1.0	Director	$0	$0	$0
EDGARDO FIGUEROA	UNION TRUSTEE	1.0	Director	$0	$0	$0
LADISLAO F ORTIZ	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
AARON MILLER	EMPLOYER TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
JUAN RODRIGUEZ	UNION TRUSTEE (ALTERNATE)	1.0	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	$931,924	$687,322	$3,960,196	$244,602
2023	$1,195,498	$510,989	$3,289,774	$684,509
2022	$1,146,576	$430,290	$2,435,408	$716,286
2021	$598,215	$327,166	$2,114,379	$271,049
2020	$651,655	$285,702	$1,732,898	$365,953
2019	$505,217	$297,732	$1,371,376	$207,485
2018	$329,486	$281,364	$1,206,662	$48,122

IBEW LOCAL 40 - NECA TRAINING TRUST