HOSPITALIZATION TRUST FUND OF THE ELECTRICAL MANUFACTURING INDUSTRY (EIN 136100908) - 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

1984

Legal Domicile

Phone

7185912000

Tax Period

2023-01-01 to 2023-12-31

HOSPITALIZATION TRUST FUND OF THE ELECTRICAL MANUFACTURING INDUSTRY, founded in 1984, is a mid-sized nonprofit that reported $25.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.8M, a strong 23% operating margin.

Mission

The collection and investment of funds received from electrical and independent employers for the purpose of providing medical and other benefits under the terms of a collective bargaining agreement between Local Union No. 3 of The International Brotherhood of Electrical Workers, AFL-CIO ("Local 3") and electrical and independent employers ("Employers").

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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 $24,672,858

Investment Income $278,737

Other Revenue $0

TOTAL REVENUE $24,951,595

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,006,650

TOTAL EXPENSES $19,183,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,951,595	$22,869,897	+0.1%
Expenses	$19,183,208	$23,821,586	-0.2%
Net Income	$5,768,387	$-951,689	-7.1%

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

N/A

Employees

N/A

Volunteers

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
Christopher Erikson	Trustee	1	Director	$0	$0	$0
Thomas Cleary	Trustee	1	Director	$0	$0	$0
Christopher Erikson Jr	Trustee	1	Director	$0	$0	$0
Mitchell Bloomberg	Trustee	1	Director	$0	$0	$0
Annette Diaz Rivera	Trustee	1	Director	$0	$0	$0
Jerry Schiff	Trustee	1	Director	$0	$0	$0
Michael Bellovin	Trustee	1	Director	$0	$0	$0
Robert Olenick	Trustee	1	Director	$0	$0	$0
Lance Van Arsdale	Trustee	1	Director	$0	$0	$0
Jonathan Lifton	Trustee	1	Director	$0	$0	$0
Isaac Merlos	Trustee	1	Director	$0	$0	$0
Barry Seitles	Trustee	1	Director	$0	$0	$0
Dominick Cutrone	Trustee	1	Director	$0	$0	$0
RICHARD DUVA JR	TRUSTEE	1	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	$24,951,595	$19,183,208	$17,969,652	$5,768,387
2022	$22,869,897	$23,821,586	$10,600,010	$-951,689
2021	$17,750,386	$20,044,507	$9,453,518	$-2,294,121
2020	$17,587,392	$21,788,358	$12,265,326	$-4,200,966
2019	$18,102,806	$17,414,362	$16,739,810	$688,444
2018	$18,343,699	$17,572,491	$17,239,300	$771,208

HOSPITALIZATION TRUST FUND OF THE ELECTRICAL MANUFACTURING INDUSTRY