IBEW-163 HEALTH & WELFARE FUND (EIN 236390518) - 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

1956

Legal Domicile

Principal Officer

JOHN OLEJNIK

Phone

6097181394

Tax Period

2024-04-01 to 2025-03-31

IBEW-163 HEALTH & WELFARE FUND, founded in 1956, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 16% operating margin.

Mission

PROVIDE HEALTH & OTHER BENEFITS TO ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENT.

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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 $14,447,319

Investment Income $573,820

Other Revenue $0

TOTAL REVENUE $15,021,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,164

Fundraising Expenses $0

Other Expenses $6,378,533

TOTAL EXPENSES $12,611,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,021,139	$6,376,405	+1.4%
Expenses	$12,611,671	$4,547,078	+1.8%
Net Income	$2,409,468	$1,829,327	+0.3%

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

$144,292

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN OLEJNIK	UNION TRUSTEE	1.00	Director	$0	$22,972	$144,292
MARK GATUSKY	UNION TRUSTEE	1.00	Director	$0	$0	$0
GREGG JUDD	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN ONDICH	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BURST	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
PATRICK NOVAKOWSKI	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
2025	$15,021,139	$12,611,671	$17,259,763	$2,409,468
2024	$6,376,405	$4,547,078	$12,619,397	$1,829,327
2023	$6,624,558	$4,731,611	$10,483,354	$1,892,947
2022	$5,934,357	$4,950,847	$9,107,670	$983,510
2021	$4,633,986	$4,821,312	$8,249,362	$-187,326
2020	$3,061,323	$4,375,104	$7,663,201	$-1,313,781
2019	$4,423,558	$3,838,607	$8,804,600	$584,951
2018	$4,254,317	$4,192,062	$8,569,230	$62,255

IBEW-163 HEALTH & WELFARE FUND