IBEW NO 271 NECA HEALTH & BENEFIT FUND

EIN: 200520351 Mutual Benefit

WICHITA, KS

Total Revenue
$12,219,803
Total Expenses
$11,251,345
Total Assets
$20,020,493
Net Assets
$19,931,241
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
KS
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.

Program Service Accomplishments

Program 1
Expenses: $10,977,796

PROVIDING HEALTH, WELFARE, ACCIDENT, DENTAL, DISABILITY, AND LIFE 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%)

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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

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Governance

Voting Members
6
Independent Members
6
Employees
31
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
3
$341,533
Total Directors
7
$470,939
Key Employees
0
$0
Highest Compensated
0
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
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