IBEW LOCAL 269 WELFARE FUND C/O IE SHAFFER & CO (EIN 223693537) - 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

2000

Legal Domicile

Principal Officer

STEPHEN ALDRICH

Phone

6097181323

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL 269 WELFARE FUND C/O IE SHAFFER & CO, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $28.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $26.3M left a modest 8% surplus.

Mission

TO PROVIDE GROUP HEALTH BENEFITS FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,893,991

Investment Income $900,033

Other Revenue $2,870,314

TOTAL REVENUE $28,664,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $539,037

TOTAL EXPENSES $26,299,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,664,338	$25,145,719	+0.1%
Expenses	$26,299,736	$23,969,426	+0.1%
Net Income	$2,364,602	$1,176,293	+1.0%

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

$1,044,940

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINO A PASQUALONE	TRUSTEE	1.00	Director	$0	$104,068	$336,243
STEPHEN M ALDRICH	TRUSTEE	1.00	Director	$0	$114,200	$376,850
MICHAEL NIELSEN	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY BRYAN JR	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH KNECHT JR	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE P DEANGELO	TRUSTEE	1.00	Director	$0	$99,700	$331,847

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	$28,664,338	$26,299,736	$40,597,999	$2,364,602
2022	$25,145,719	$23,969,426	$35,068,547	$1,176,293
2021	$22,740,233	$23,746,394	$38,784,916	$-1,006,161
2020	$20,224,139	$21,270,691	$37,284,030	$-1,046,552
2019	$22,783,836	$19,613,922	$35,707,643	$3,169,914
2018	$22,188,188	$18,630,291	$29,539,674	$3,557,897

IBEW LOCAL 269 WELFARE FUND C/O IE SHAFFER & CO