IBEW LOCAL UNION NO 237 HEALTH AND WELFARE FUND (EIN 160834222) - 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

ANGELA STANISZ

Phone

7162973650

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL UNION NO 237 HEALTH AND WELFARE FUND, founded in 1958, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 20% operating margin.

Mission

TO PROVIDE MEMBERS WITH MEDICAL AND WELFARE BENEFITS

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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 $6,198,714

Investment Income $218,812

Other Revenue $117,090

TOTAL REVENUE $6,534,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,904

Fundraising Expenses $0

Program Expenses $5,250,601

Other Expenses $209,686

TOTAL EXPENSES $5,250,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,534,616	$5,470,983	+0.2%
Expenses	$5,250,601	$4,554,078	+0.2%
Net Income	$1,284,015	$916,905	+0.4%

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

232

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

$88,145

Total Directors

$30,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED DEMAIS	UNION TRUSTEE	1.00	Director	$11,103	$0	$11,103
MARC BRUNELLE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
RENEE LAMONACO	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCHERRER	UNION TRUSTEE	1.00	Officer Director	$559	$0	$559
RICHARD LOMBARD	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
CODY SAMOL	UNION TRUSTEE	1.00	Director	$18,683	$0	$18,683
ASHLEY A STOGNER	ASSISTANT FUND ADMINISTRAT	16.00	Officer	$49,556	$0	$49,556
ANGELA STANISZ	FUND ADMINISTRATOR	12.00	Officer	$38,030	$0	$38,030

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	$6,534,616	$5,250,601	$12,139,178	$1,284,015
2022	$5,470,983	$4,554,078	$9,808,872	$916,905
2021	$4,878,416	$3,674,315	$10,293,440	$1,204,101
2020	$3,667,267	$3,433,936	$8,762,830	$233,331
2019	$4,634,870	$3,999,872	$8,126,151	$634,998
2018	$3,987,987	$4,067,317	$7,005,926	$-79,330

IBEW LOCAL UNION NO 237 HEALTH AND WELFARE FUND