IBEW NO 271 NECA HEALTH & BENEFIT FUND (EIN 200520351) - 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

2004

Legal Domicile

Principal Officer

JEIMESON SAUDINO

Phone

7852206640

Tax Period

2023-01-01 to 2023-12-31

IBEW NO 271 NECA HEALTH & BENEFIT FUND, founded in 2004, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $11.3M left a modest 8% surplus.

Mission

PROVIDING HEALTH, DENTAL, WELFARE, ACCIDENT, AND LIFE INSURANCE BENEFITS FOR MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 271.

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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 $11,974,573

Investment Income $245,230

Other Revenue $0

TOTAL REVENUE $12,219,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,977,796

Other Expenses $273,549

TOTAL EXPENSES $11,251,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,219,803	$10,605,127	+0.2%
Expenses	$11,251,345	$9,590,316	+0.2%
Net Income	$968,458	$1,014,811	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

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

$341,533

Total Directors

$470,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DYLAN WOODARD	SECRETARY	1.00	Officer Director	$0	$50,675	$173,728
RUSSELL KENNEDY	CHAIRMAN	1.00	Officer Director	$0	$54,242	$167,805
RICHARD POWELL	TRUSTEE	1.00	Director	$0	$36,268	$129,406
JARRET BERGKAMP	TRUSTEE	1.00	Director	$0	$0	$0
JEIMESON SAUDINO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LUKE WARKENTINE	TRUSTEE	1.00	Director	$0	$0	$0
TOM ZOGLMANN	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	No data	No data	No data	No data
2023	$12,219,803	$11,251,345	$20,020,493	$968,458
2022	$10,605,127	$9,590,316	$18,061,076	$1,014,811
2021	$10,630,530	$9,550,901	$18,940,734	$1,079,629
2020	$9,825,430	$8,907,843	$17,861,503	$917,587
2019	$10,805,793	$9,143,719	$16,495,634	$1,662,074
2018	$9,623,641	$8,588,811	$14,118,090	$1,034,830

IBEW NO 271 NECA HEALTH & BENEFIT FUND