IBEW - 363 WELFARE FUND (EIN 136132502) - 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

1956

Legal Domicile

Principal Officer

PAMELA BROWN

Phone

8457833500

Tax Period

2023-01-01 to 2023-12-31

IBEW - 363 WELFARE FUND, founded in 1956, is a mid-sized nonprofit in the Employment sector that reported $32.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $27.8M left a modest 14% surplus.

Mission

TO PROVIDE WELFARE BENEFITS TO ELIGIBLE 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 $29,312,497

Investment Income $2,452,988

Other Revenue $518,370

TOTAL REVENUE $32,283,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,534

Fundraising Expenses $0

Other Expenses $715,804

TOTAL EXPENSES $27,804,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,283,855	$27,935,804	+0.2%
Expenses	$27,804,553	$26,301,986	+0.1%
Net Income	$4,479,302	$1,633,818	+1.7%

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

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

$230,920

Total Directors

$1,237,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL FRATTO	UNION TRUSTEE	1.00	Director	$0	$59,120	$313,700
STEVE NEUGEBAUER	UNION TRUSTEE	1.00	Director	$0	$59,120	$230,920
JOHN DICKSON	UNION TRUSTEE	1.00	Director	$0	$59,120	$230,920
JOHN A MARAIA	UNION TRUSTEE	1.00	Director	$0	$59,120	$230,920
JOSEPH DELEONARDIS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KAEHLER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JAMES JOHANNEMANN	EMPLOYEE TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SCHWARZBECK	EMPLOYEE TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SEIDEL	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT METZ	EMPLOYEE TRUSTEE	1.00	Director	$0	$0	$0
NICK HEIM	UNION TRUSTEE	1.00	Director	$0	$0	$0
FRANK PERUGINO	UNION TRUSTEE	1.00	Director	$0	$59,120	$230,920
PAMELA BROWN	PLAN ADMINISTRATOR	12.00	Officer	$171,800	$59,120	$230,920

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	$32,283,855	$27,804,553	$55,678,439	$4,479,302
2022	$27,935,804	$26,301,986	$49,611,534	$1,633,818
2021	$28,025,970	$26,812,744	$52,283,639	$1,213,226
2020	$24,403,893	$22,452,250	$47,751,842	$1,951,643
2019	$26,851,685	$19,927,635	$45,191,962	$6,924,050
2018	$21,543,842	$18,091,442	$32,796,111	$3,452,400

IBEW - 363 WELFARE FUND