INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 47 RETIREE MEDICAL TRUST (EIN 203170458) - 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

2005

Legal Domicile

Principal Officer

COLIN LAVIN

Phone

8182430222

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 47 RETIREE MEDICAL TRUST, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 63% operating margin.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,580,737

Investment Income $1,327,246

Other Revenue $0

TOTAL REVENUE $3,907,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $302,477

TOTAL EXPENSES $1,436,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,907,983	$3,115,789	+0.3%
Expenses	$1,436,615	$1,393,338	+0.0%
Net Income	$2,471,368	$1,722,451	+0.4%

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
RON BENGOCHEA	TRUSTEE - PAST	1.0	Director	$0	$0	$0
COLIN LAVIN	TRUSTEE - CHAIRMAN	1.0	Director	$0	$0	$0
STAN STOSEL	TRUSTEE	1.0	Director	$0	$0	$0
JOHN BACA	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS AVILA	TRUSTEE - CHAIRMAN - PAST	1.0	Director	$0	$0	$0
MARIO ELIZONDO	TRUSTEE	1.0	Director	$0	$0	$0
JESUS RAMIREZ	TRUSTEE	1.0	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	$3,907,983	$1,436,615	$31,438,780	$2,471,368
2023	$3,115,789	$1,393,338	$27,656,011	$1,722,451
2022	$2,853,404	$1,299,554	$24,207,303	$1,553,850
2021	$3,263,346	$1,245,962	$25,930,331	$2,017,384
2020	$1,391,303	$1,296,868	$22,525,820	$94,435
2019	$2,052,576	$1,283,521	$21,515,067	$769,055
2018	$2,568,944	$1,307,006	$18,604,912	$1,261,938

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 47 RETIREE MEDICAL TRUST