Ibew Local Union 306 Supplemental Health Benefit Fund
Nonprofit profile at a glance
- EIN
- 341409929
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Canfield, OH, USA
- Phone
- 3309293189
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,937,777
- Expenses
- $2,005,658
- Assets
- $10,259,457
- Liabilities
- $62,624
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- CHARLES ZITTLE AS OF 1024 (CHAIRMAN): $120,983 total reported compensation
- MICHAEL MIGHT THRU 1024 (CHAIRMAN): $94,723 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The fund provides fully insured life, sickness, accident and health benefits to retired members and surviving spouses of deceased retired members of ibew local union 306, and medical.
What it reported doing in 2024
The fund provided medical reimbursement accounts for members of ibew local union no. 306 whose contributions were made pursuant to collective bargaining agreements between the union and an employer.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 75
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.7%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 5.12; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 10% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $121K · 7 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.