IBEW LOCAL NO 236 HEALTH AND BENEFIT FU (EIN 141442159) - 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

1960

Legal Domicile

Principal Officer

MICHAEL MASTROPIETRO

Phone

5187825499

Tax Period

2024-07-01 to 2025-06-30

IBEW LOCAL NO 236 HEALTH AND BENEFIT FU, founded in 1960, is a mid-sized nonprofit that reported $30.9M in total revenue in fiscal year 2024. Expenses of $28.4M left a modest 8% surplus.

Mission

PROVISION OF HEALTH CARE BENEFITS TO UNION 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,884,188

Investment Income $7,035,311

Other Revenue $0

TOTAL REVENUE $30,919,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,423,262

TOTAL EXPENSES $28,425,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,919,499	$29,075,630	+0.1%
Expenses	$28,425,986	$26,890,851	+0.1%
Net Income	$2,493,513	$2,184,779	+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
JOSEPH P GROSS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER SPRARAGEN	TRUSTEE	1.00	Director	$0	$0	$0
PAUL NYLIN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HART	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MARTELL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MASTROPIETRO	TRUSTEE	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
2025	$30,919,499	$28,425,986	$124,118,334	$2,493,513
2024	$29,075,630	$26,890,851	$120,295,212	$2,184,779
2023	$25,722,605	$25,165,103	$115,024,718	$557,502
2022	$32,095,781	$25,318,800	$111,969,761	$6,776,981
2021	$28,059,278	$22,766,405	$121,158,298	$5,292,873
2020	$27,718,823	$20,609,087	$112,371,929	$7,109,736
2019	$29,202,605	$20,983,328	$103,055,078	$8,219,277
2018	$26,922,239	$17,801,533	$95,545,381	$9,120,706

IBEW LOCAL NO 236 HEALTH AND BENEFIT FU