YMutual & Membership BenefitEIN: 371414717· Ruling Year: 2003

Local 309 Ibew Income Security Fund

Collinsville, Illinois

B+Health Score
65B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 2 peers in Mutual & Membership Benefit with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org24.13×
Peer Median29.60×
💰
$1.2M
Total Revenue
📊
$544K
Total Expenses
🏦
$13.1M
Net Assets
📋
$146K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+30.0%
Year-over-year change (2022 → 2023)
Net Margin
+56.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
24.13
Net assets divided by total expenses
Liabilities-to-Assets
1.1%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$1,240,44430%$544,4761%$13,284,07917%
2022$954,40134%$550,15529%$11,384,1119%
2021$1,437,3792%$775,63224%$12,449,3867%
2020$1,404,4821%$1,025,63463%$11,614,14410%
2019$1,417,47819%$628,34621%$10,586,23514%
2018$1,193,69513%$798,34361%$9,296,3602%
2017$1,377,69627%$495,43221%$9,145,48913%
2016$1,086,31917%$630,95317%$8,099,8557%
2015$1,304,2162%$541,17131%$7,596,0839%
2014$1,273,88512%$782,77034%$6,952,3327%
2013$1,140,6934%$1,186,11891%$6,487,3242%
2012$1,188,561$620,98125%$6,608,21512%
2011$1,192,056$497,651$5,922,087

Frequently Asked Questions

What does Local 309 Ibew Income Security Fund do?

Local 309 Ibew Income Security Fund is a mutual & membership benefit nonprofit organization based in Illinois. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Local 309 Ibew Income Security Fund financially healthy?

Based on our 9-metric Financial Health Score model, Local 309 Ibew Income Security Fund has a score of 65/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Local 309 Ibew Income Security Fund generate?

Local 309 Ibew Income Security Fund reports $3.4M in annual revenue and holds $14.8M in total assets, based on IRS filings.

Similar Organizations

Explore more organizations in the Mutual & Membership Benefit category, or browse all nonprofits in Illinois.