IBEW LOCAL 25 HEALTH & BENEFIT FUND (EIN 111630810) - 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

1950

Legal Domicile

Phone

6314343344

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 25 HEALTH & BENEFIT FUND, founded in 1950, is a mid-sized nonprofit that reported $51.7M in total revenue in fiscal year 2024. Expenses of $45.9M left a modest 11% surplus.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $48,407,245

Investment Income $3,267,452

Other Revenue $15,538

TOTAL REVENUE $51,690,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,345,511

TOTAL EXPENSES $45,869,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,690,235	$48,156,941	+0.1%
Expenses	$45,869,750	$45,638,879	+0.0%
Net Income	$5,820,485	$2,518,062	+1.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KENNEDY	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
CLIFFORD SEAMAN	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM MILLER	EMPLOYER TRUSTEE - THRU 6/24	0.50	Director	$0	$0	$0
KRISTIAN INGEBRIGTSEN	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER CALLAHAN	UNION TRUSTEE - THRU 1/24	0.50	Director	$0	$0	$0
KEVIN CASEY	UNION TRUSTEE	0.50	Director	$0	$0	$0
JOSHUA MARGOLIS	UNION TRUSTEE	0.50	Director	$0	$0	$0
RYAN CASEY	UNION TRUSTEE	0.50	Director	$0	$0	$0
ROSA ARREAGA-NEGRON	FUND MANAGER	12.00	Officer	$0	$0	$0
DANIEL PIQUETTE	EMPLOYER TRUSTEE- EFF 7/24	0.50	Director	$0	$0	$0
DENNIS SHAY	UNION TRUSTEE - EFF 1/24	0.50	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	$51,690,235	$45,869,750	$82,365,631	$5,820,485
2023	$48,156,941	$45,638,879	$76,826,024	$2,518,062
2022	$43,399,909	$46,360,283	$71,009,966	$-2,960,374
2021	$46,982,315	$42,616,131	$77,411,415	$4,366,184
2020	$42,236,132	$41,831,674	$74,580,288	$404,458
2019	$39,580,174	$42,237,787	$71,948,079	$-2,657,613
2018	$35,019,616	$39,113,383	$71,899,012	$-4,093,767

IBEW LOCAL 25 HEALTH & BENEFIT FUND