LOCAL UNION 94 IBEW HW FUND (EIN 226699169) - 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

1996

Legal Domicile

Principal Officer

JOE CHECKLEY

Phone

6094269702

Tax Period

2024-07-01 to 2025-06-30

LOCAL UNION 94 IBEW HW FUND, founded in 1996, is a mid-sized nonprofit in the Mutual Benefit sector that reported $14.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE MEDICAL 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,146,274

Investment Income $829,082

Other Revenue $445,299

TOTAL REVENUE $14,420,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $695,470

TOTAL EXPENSES $15,274,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,420,655	$15,784,387	-0.1%
Expenses	$15,274,370	$10,751,063	+0.4%
Net Income	$-853,715	$5,033,324	-1.2%

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

N/A

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
JOE CHECKLEY	TRUSTEE	5.00	Director	$0	$0	$0
ADAM NEUMAN	TRUSTEE	5.00	Director	$0	$0	$0
BENJAMIN SWITZER	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM TOTTEN	TRUSTEE	5.00	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	No data	No data	No data	No data
2025	$14,420,655	$15,274,370	$29,648,870	$-853,715
2024	$15,784,387	$10,751,063	$28,599,749	$5,033,324
2023	$13,417,686	$11,557,623	$21,817,192	$1,860,063
2022	$12,304,154	$10,759,745	$17,398,645	$1,544,409
2021	$14,746,509	$13,966,401	$17,970,344	$780,108
2020	$14,989,149	$13,556,673	$15,349,373	$1,432,476
2019	$12,198,145	$11,602,462	$13,775,046	$595,683

LOCAL UNION 94 IBEW HW FUND