IBEW LOCAL 812 HEALTH AND WELFARE FUND (EIN 232369223) - 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

1962

Legal Domicile

Principal Officer

JAMES BEAMER

Phone

9732284200

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 812 HEALTH AND WELFARE FUND, founded in 1962, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $484K, a strong 19% operating margin.

Mission

THE FUND PROVIDES HEALTH & WELFARE BENEFITS TO ITS 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 $2,450,315

Investment Income $63,116

Other Revenue $0

TOTAL REVENUE $2,513,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $474,264

TOTAL EXPENSES $2,029,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,513,431	$1,857,145	+0.4%
Expenses	$2,029,233	$1,749,181	+0.2%
Net Income	$484,198	$107,964	+3.5%

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

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

$92,817

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BEAMER	UNION TRUSTEE	5.00	Director	$0	$0	$92,817
MATTHEW PECK	UNION TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH LECCE	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BRUST	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
AARON KELLEY	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JAMES CARPENTER	UNION TRUSTEE	2.00	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	$2,513,431	$2,029,233	$2,269,782	$484,198
2023	$1,857,145	$1,749,181	$1,776,601	$107,964
2022	$1,862,622	$1,671,397	$1,647,193	$191,225
2021	$2,103,709	$1,661,777	$1,574,953	$441,932
2020	$1,464,245	$1,850,206	$1,070,447	$-385,961
2019	$1,919,786	$2,314,715	$1,343,118	$-394,929
2018	$1,682,055	$2,866,294	$1,638,712	$-1,184,239

IBEW LOCAL 812 HEALTH AND WELFARE FUND