TRUSTEES LOCAL 400 IBEW WELFARE FUND C/O IE SHAFFER & CO (EIN 222236617) - 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

1978

Legal Domicile

Principal Officer

JONATHAN D LEVINE

Phone

6097181323

Tax Period

2024-04-01 to 2025-03-31

TRUSTEES LOCAL 400 IBEW WELFARE FUND C/O IE SHAFFER & CO, founded in 1978, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $14.5M left a modest 14% surplus.

Mission

TO PROVIDE GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $16,565,888

Investment Income $370,097

Other Revenue $13,017

TOTAL REVENUE $16,949,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $679,297

TOTAL EXPENSES $14,506,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,949,002	$15,487,227	+0.1%
Expenses	$14,506,343	$14,684,939	0.0%
Net Income	$2,442,659	$802,288	+2.0%

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

$713,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SHIMKO	TRUSTEE	1.00	Director	$0	$159,459	$384,049
MICHAEL RICCA	TRUSTEE	1.00	Director	$0	$136,677	$329,179
ROBERT INGMAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL TOMASIELLO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM JONES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS O JOHNSTON ESQ	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MANZO ESQ	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
2025	$16,949,002	$14,506,343	$16,430,012	$2,442,659
2024	$15,487,227	$14,684,939	$13,477,898	$802,288
2023	$15,563,283	$15,120,977	$12,337,395	$442,306
2022	$14,285,033	$15,167,787	$9,192,722	$-882,754
2021	$12,154,396	$13,377,272	$10,413,336	$-1,222,876
2020	$13,444,600	$13,572,708	$11,451,116	$-128,108
2019	$12,868,224	$13,144,782	$11,525,625	$-276,558
2018	$12,240,124	$12,118,591	$11,493,878	$121,533

TRUSTEES LOCAL 400 IBEW WELFARE FUND C/O IE SHAFFER & CO