LOCAL NO 41 IBEW HEALTH FUND (EIN 160841426) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

LEEANN MURPHY

Phone

7166626122

Tax Period

2024-05-01 to 2025-04-30

LOCAL NO 41 IBEW HEALTH FUND, founded in 1960, is a mid-sized nonprofit that reported $25.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 21% operating margin.

Mission

THE FUND PROVIDES HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS WORKING UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT, RECIPROCAL AGREEMENT, OR PARTICIPATION AGREEMENT REQUIRING CONTRIBUTIONS TO THE FUND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,155,984

Investment Income $3,041,044

Other Revenue $307,101

TOTAL REVENUE $25,504,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,376,388

Fundraising Expenses $0

Other Expenses $454,364

TOTAL EXPENSES $20,069,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,504,129	$20,434,249	+0.2%
Expenses	$20,069,412	$17,955,256	+0.1%
Net Income	$5,434,717	$2,478,993	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$167,644

Total Directors

$469,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY INGLUT	TRUSTEE	1.00	Director	$22,095	$69,161	$226,475
MATTHEW J HILMEY	TRUSTEE	1.00	Director	$43,735	$68,460	$224,065
LEEANN MURPHY	PLAN ADMINIS	14.00	Officer	$97,726	$69,918	$167,644
CHRISTOPHER BOVE	TRUSTEE	1.00	Director	$19,448	$0	$19,448
RENEE E LAMONACO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD LOMBARD	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN P NUGENT	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	$25,504,129	$20,069,412	$56,023,730	$5,434,717
2024	$20,434,249	$17,955,256	$49,137,150	$2,478,993
2023	$17,978,236	$17,289,358	$45,829,164	$688,878
2022	$20,708,632	$17,048,397	$44,517,276	$3,660,235
2021	$18,432,410	$15,447,751	$46,179,579	$2,984,659
2020	$19,131,819	$16,641,104	$40,011,542	$2,490,715
2019	$16,829,930	$16,785,449	$37,169,790	$44,481

LOCAL NO 41 IBEW HEALTH FUND