ELECTRICAL WORKERS DEATH BENEFIT SOCIETY (EIN 135671180) - 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

1940

Legal Domicile

Principal Officer

THOMAS J CLEARY

Phone

7185914400

Tax Period

2023-01-01 to 2023-12-31

ELECTRICAL WORKERS DEATH BENEFIT SOCIETY, founded in 1940, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 38% operating margin.

Mission

TO PAY DEATH BENEFITS ON BEHALF OF MEMBERS.

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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 $643,053

Investment Income $1,172,236

Other Revenue $2,389,179

TOTAL REVENUE $4,204,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,712

Fundraising Expenses $0

Other Expenses $440,611

TOTAL EXPENSES $2,595,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,204,468	$4,343,271	0.0%
Expenses	$2,595,998	$2,861,926	-0.1%
Net Income	$1,608,470	$1,481,345	+0.1%

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
THOMAS J CLEARY	PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
LOUIS ALVAREZ	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL LORETO	SECRETARY	2.00	Officer Director	$0	$0	$0
DAMON ARMSTRONG	TREASURER	2.00	Officer Director	$0	$0	$0
ANTONIO ABREU	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD CAPPICATTO	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL CORCHADO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ERIKSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC FARBMAN	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FAZEKAS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY GOLDMAN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MCSPEDON JR	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MESSINA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MOHAN	DIRECTOR	1.00	Director	$0	$0	$0
LONWAY MOY	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA BENDEROTH NEW	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PAPANDREA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PATTI	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PREZIOSO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PROSCIA JR	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND RIPLEY	DIRECTOR	1.00	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	$4,204,468	$2,595,998	$61,657,382	$1,608,470
2022	$4,343,271	$2,861,926	$58,451,024	$1,481,345
2021	$6,339,850	$2,782,172	$67,923,927	$3,557,678
2020	$4,676,165	$2,450,036	$64,977,129	$2,226,129
2019	$2,768,250	$2,218,466	$60,799,755	$549,784
2018	$2,315,780	$2,345,472	$54,693,267	$-29,692

ELECTRICAL WORKERS DEATH BENEFIT SOCIETY