JOINT WELFARE BOARD LOCAL #164 - IBEW (EIN 221537766) - 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

1952

Legal Domicile

Principal Officer

ROBERT FARINA

Phone

9732284200

Tax Period

2023-01-01 to 2023-12-31

JOINT WELFARE BOARD LOCAL #164 - IBEW, founded in 1952, is a mid-sized nonprofit that reported $73.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $82.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE MEDICAL AND OTHER RELATED TYPE 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 $66,652,533

Investment Income $5,278,785

Other Revenue $1,680,951

TOTAL REVENUE $73,612,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,067,145

TOTAL EXPENSES $82,944,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,612,269	$77,932,199	-0.1%
Expenses	$82,944,693	$79,153,548	+0.0%
Net Income	$-9,332,424	$-1,221,349	+6.6%

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

$775,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ESTABROOK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER BIOLETTI	UNION TRUSTEE	1.00	Director	$0	$0	$0
STANLEY JAWORSKI	UNION TRUSTEE	1.00	Director	$0	$0	$0
DANIEL GUMBLE	UNION TRUSTEE	1.00	Director	$0	$156,171	$415,144
TOM JOHNSTON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TERRY CRAIG	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TOM SULLIVAN	UNION TRUSTEE	1.00	Director	$0	$135,250	$360,643

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	$73,612,269	$82,944,693	$187,903,094	$-9,332,424
2022	$77,932,199	$79,153,548	$184,259,493	$-1,221,349
2021	$78,837,822	$72,675,732	$215,408,629	$6,162,090
2020	$70,629,885	$62,175,934	$203,164,050	$8,453,951
2019	$90,253,584	$69,969,893	$182,710,178	$20,283,691
2018	$70,779,412	$61,750,360	$157,963,534	$9,029,052

JOINT WELFARE BOARD LOCAL #164 - IBEW