IBEW #654 H & W FUND TRUSTEES (EIN 231613860) - 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

1961

Legal Domicile

Principal Officer

WILLIAM ADAMS

Phone

8567730868

Tax Period

2024-01-01 to 2024-12-31

IBEW #654 H & W FUND TRUSTEES, founded in 1961, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 18% operating margin.

Mission

TO PROVIDE LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT, HOSPITALIZATION, MEDICAL-SURGICAL, MAJOR MEDICAL AND DENTAL BENEFITS TO MEMBERS.

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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 $10,206,601

Investment Income $909,137

Other Revenue $22,202

TOTAL REVENUE $11,137,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,754,944

Fundraising Expenses $0

Other Expenses $431,668

TOTAL EXPENSES $9,186,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,137,940	$10,729,284	+0.0%
Expenses	$9,186,612	$8,948,621	+0.0%
Net Income	$1,951,328	$1,780,663	+0.1%

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

$1,242,801

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM ADAMS	UNION TRUSTEE	1.00	Director	$0	$113,289	$251,618
JEFFREY SCARPELLO ESQ	MANAGEMENT TRUSTEE	1.00	Director	$0	$121,971	$708,309
PAUL MULLEN	UNION TRUSTEE	1.00	Director	$0	$122,418	$282,874
KEVIN MCDEVITT	UNION TRUSTEE (P)	1.00	Director	$0	$0	$0
CHARLES MACDONALD	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DANIEL HENRY	UNION TRUSTEE (P)	1.00	Director	$0	$0	$0
ED COLLISON	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
AARON KELLEY	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER SCHIELER	UNION 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
2024	$11,137,940	$9,186,612	$28,626,460	$1,951,328
2023	$10,729,284	$8,948,621	$25,577,089	$1,780,663
2022	$9,175,735	$8,131,984	$22,589,379	$1,043,751
2021	$9,523,463	$7,827,067	$23,125,608	$1,696,396
2020	$8,576,884	$7,493,604	$20,168,178	$1,083,280
2019	$10,683,600	$7,859,200	$18,509,782	$2,824,400
2018	$9,781,853	$7,766,770	$14,673,635	$2,015,083

IBEW #654 H & W FUND TRUSTEES