IBEW LOCAL 1430 WELFARE FUND (EIN 131835737) - 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

1958

Legal Domicile

Principal Officer

JORDAN EL-HAG

Phone

9149483771

Tax Period

2022-01-01 to 2022-12-31

IBEW LOCAL 1430 WELFARE FUND, founded in 1958, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2022. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $3.9M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE HEALTH AND LIFE INSURANCE 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,330,401

Investment Income $41,125

Other Revenue $-382,472

TOTAL REVENUE $2,989,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,256

Fundraising Expenses $0

Other Expenses $275,276

TOTAL EXPENSES $3,923,048

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,989,054	$1,665,171	+0.8%
Expenses	$3,923,048	$1,985,753	+1.0%
Net Income	$-933,994	$-320,582	+1.9%

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

$297,726

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW FAIR	TRUSTEE	0.50	Director	$18,000	$0	$18,000
DYLAN WILEY	TRUSTEE/ EMPLOYEE	18.00	Director	$18,000	$0	$18,000
JORDAN EL-HAG	TRUSTEE	15.00	Director	$0	$35,000	$243,726
MATTHEW ROCCO	TRUSTEE	0.50	Director	$18,000	$0	$18,000

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	No data	No data	No data	No data
2022	$2,989,054	$3,923,048	$2,896,412	$-933,994
2021	$1,665,171	$1,985,753	$3,517,836	$-320,582
2020	$4,036,742	$3,794,542	$3,841,838	$242,200
2019	$4,349,382	$3,993,455	$3,531,663	$355,927
2018	$3,831,836	$4,067,229	$3,199,370	$-235,393

IBEW LOCAL 1430 WELFARE FUND