ALTON IBEWNECA HEALTH AND WELFARE PLAN (EIN 200221802) - 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

2003

Legal Domicile

Principal Officer

COREY WIRTH

Phone

3147522330

Tax Period

2023-11-01 to 2024-10-31

ALTON IBEWNECA HEALTH AND WELFARE PLAN, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $6.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 12% surplus.

Mission

PROVIDE HEALTH 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 $6,187,345

Investment Income $121,226

Other Revenue $189,010

TOTAL REVENUE $6,497,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $784,589

TOTAL EXPENSES $5,742,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,497,581	$5,900,167	+0.1%
Expenses	$5,742,110	$5,824,925	0.0%
Net Income	$755,471	$75,242	+9.0%

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

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
TERRY SHEWMAKE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALAN UZZELL	TRUSTEE	1.00	Director	$0	$0	$0
BILLY SERBOUSEK	TRUSTEE	1.00	Director	$0	$0	$0
CHAD BOEVING	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
2024	$6,497,581	$5,742,110	$7,465,991	$755,471
2023	$5,900,167	$5,824,925	$5,737,830	$75,242
2022	$5,840,264	$5,604,234	$5,133,564	$236,030
2021	$5,848,658	$4,480,701	$6,198,721	$1,367,957
2020	$4,746,042	$7,133,685	$5,431,253	$-2,387,643

ALTON IBEWNECA HEALTH AND WELFARE PLAN