NEW ENGLAND ELECTRICAL WORKERS BENEFITS FUND (EIN 060860627) - 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

1977

Legal Domicile

Principal Officer

BRIAN T MURPHY

Phone

2035304370

Tax Period

2024-01-01 to 2024-12-31

NEW ENGLAND ELECTRICAL WORKERS BENEFITS FUND, founded in 1977, is a major nonprofit that reported $106.3M in total revenue in fiscal year 2024. The organization ran a surplus of $17.1M, a strong 16% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS AND LIFE INSURANCE TO PARTICIPANTS OF THE PLAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $103,092,063

Investment Income $3,246,721

Other Revenue $0

TOTAL REVENUE $106,338,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,194,715

TOTAL EXPENSES $89,280,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,338,784	$100,967,517	+0.1%
Expenses	$89,280,236	$80,194,167	+0.1%
Net Income	$17,058,548	$20,773,350	-0.2%

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

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

$1,506,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TREADWELL	UNION TRUSTEE	2.00	Director	$0	$78,644	$324,290
BRIAN T MURPHY	UNION TRUSTEE	2.00	Director	$0	$80,523	$307,202
MICHAEL NEALY	UNION TRUSTEE	2.00	Director	$0	$61,448	$223,831
DANIEL W MCINERNEY	UNION TRUSTEE	2.00	Director	$0	$77,066	$218,463
STEVEN BARRY	UNION TRUSTEE	2.00	Director	$0	$0	$169,031
DOUGLAS NELSON	UNION TRUSTEE (P)	2.00	Director	$0	$0	$145,312
DANIEL D'ALMA	UNION TRUSTEE	2.00	Director	$0	$0	$118,269
TOM ADAMSON	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
LAWRENCE F EAGAN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL GILCHRIST	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SPENCER A MARKS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL R MOCONYI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JESSICA O'NEILL	EMPLOYER 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	$106,338,784	$89,280,236	$139,862,667	$17,058,548
2023	$100,967,517	$80,194,167	$118,960,817	$20,773,350
2022	$89,544,834	$79,836,353	$93,584,740	$9,708,481
2021	$85,451,366	$76,909,544	$86,422,149	$8,541,822
2020	$76,959,864	$59,509,549	$75,433,062	$17,450,315
2019	$76,616,708	$66,235,147	$56,109,051	$10,381,561
2018	$68,577,391	$56,390,440	$44,065,383	$12,186,951

NEW ENGLAND ELECTRICAL WORKERS BENEFITS FUND