IBEW LOCAL 139 WELFARE FUND (EIN 160839767) - 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

WARREN ROMAN JR

Phone

6077321237

Tax Period

2023-07-01 to 2024-06-30

IBEW LOCAL 139 WELFARE FUND, founded in 1960, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $26.6M represent 58 months of operating reserves.

Mission

PROVIDE HEALTH, DISABILITY AND DEATH BENEFITS FOR MEMBERS OF IBEW LOCAL 139 AND THEIR DEPENDENTS AND MEDICARE SUPPLEMENTAL COVERAGE FOR RETIREES.

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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 $4,265,703

Investment Income $893,022

Other Revenue $382,375

TOTAL REVENUE $5,541,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,435

Fundraising Expenses $0

Program Expenses $5,614,845

Other Expenses $607,985

TOTAL EXPENSES $5,614,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,541,100	$4,987,455	+0.1%
Expenses	$5,614,845	$5,064,448	+0.1%
Net Income	$-73,745	$-76,993	0.0%

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

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

$1,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSAY T MILLS - FORMER	TRUSTEE TERM ENDED 6/28/24	1.00	Director	$0	$0	$0
MICHAEL J SINCOCK	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA FITZWATER	TRUSTEE	1.00	Director	$205	$0	$205
JEREMY ACKERMAN	TRUSTEE EFFECTIVE 6/28/24	1.00	Director	$0	$0	$0
MEREDITH KUMPON	TRUSTEE	1.00	Director	$0	$0	$0
WARREN ROMAN JR	TRUSTEE/FUND ADMINISTRATOR	8.00	Director	$0	$0	$0
BRETT PATTON	TRUSTEE	1.00	Director	$1,315	$0	$1,315

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	No data	No data	No data	No data
2024	$5,541,100	$5,614,845	$26,828,211	$-73,745
2023	$4,987,455	$5,064,448	$26,916,026	$-76,993
2022	$5,172,055	$4,670,572	$27,146,635	$501,483
2021	$6,140,554	$4,183,732	$29,865,856	$1,956,822
2020	$5,772,236	$4,260,901	$26,647,790	$1,511,335
2019	$4,780,386	$4,002,046	$24,747,752	$778,340

IBEW LOCAL 139 WELFARE FUND