HEALTH & WELFARE FUND IBEW LOCAL 96 (EIN 042177839) - 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

1954

Legal Domicile

Principal Officer

KEVIN MENARD

Phone

2032697741

Tax Period

2023-01-01 to 2023-12-31

HEALTH & WELFARE FUND IBEW LOCAL 96, founded in 1954, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Expenses of $5.6M left a modest 8% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS

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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 $5,780,801

Investment Income $291,716

Other Revenue $0

TOTAL REVENUE $6,072,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,070

Fundraising Expenses $0

Other Expenses $231,145

TOTAL EXPENSES $5,612,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,072,517	$5,641,302	+0.1%
Expenses	$5,612,293	$5,675,350	0.0%
Net Income	$460,224	$-34,048	-14.5%

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

$181,684

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MENARD	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW OSTROW	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
THOMAS MALONEY	UNION TRUSTEE	2.00	Director	$0	$62,782	$181,684
BRIAN CLARKE	UNION TRUSTEE	2.00	Director	$0	$0	$0
ROBERT LIDDY	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
RONALD BUFFONE	UNION TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$6,072,517	$5,612,293	$10,593,092	$460,224
2022	$5,641,302	$5,675,350	$9,643,975	$-34,048
2021	$5,821,928	$5,721,677	$10,932,046	$100,251
2020	$5,143,011	$5,346,683	$10,366,208	$-203,672
2019	$5,294,162	$5,340,945	$9,950,894	$-46,783
2018	$5,283,273	$5,675,680	$9,481,205	$-392,407

HEALTH & WELFARE FUND IBEW LOCAL 96