INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS-126 HEALTH & WELFARE PLAN

EIN: 236395223 Mutual Benefit

COLLEGEVILLE, PA

Total Revenue
$65,347,369
Total Expenses
$50,368,755
Total Assets
$164,199,284
Net Assets
$163,497,839
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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
1953
Legal Domicile
PA
Principal Officer
RICHARD MUTTIK
Phone
6104891185
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS-126 HEALTH & WELFARE PLAN, founded in 1953, is a mid-sized nonprofit in the Mutual Benefit sector that reported $65.3M in total revenue in fiscal year 2024. The organization ran a surplus of $15.0M, a strong 23% operating margin.

Mission

TO PROVIDE HOSPITALIZATION, SURGICAL, MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, VACATION, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS (AND DEPENDENTS) OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 126.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $59,534,788
Investment Income $5,812,581
Other Revenue $0
TOTAL REVENUE $65,347,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,368,872
TOTAL EXPENSES $50,368,755

Year-over-Year Comparison

2024 2023 Change
Revenue $65,347,369 $61,279,343 +0.1%
Expenses $50,368,755 $42,158,328 +0.2%
Net Income $14,978,614 $19,121,015 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
3
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
0
$0
Total Directors
7
$1,350,733
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFERY SCARPELLO EMPLOYER TRUSTEE 2.00
Director
$0 $121,971 $708,309
RICHARD MUTTIK UNION TRUSTEE 2.00
Director
$0 $97,262 $348,642
CHRISTOPHER WENTZEL UNION TRUSTEE 2.00
Director
$0 $86,373 $293,782
PATRICK CASEY UNION TRUSTEE 2.00
Director
$0 $0 $0
PETER HUBER EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
HARRY MILLER III EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
RANDY ROBERTS EMPLOYER TRUSTEE (P) 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 $65,347,369 $50,368,755 $164,199,284 $14,978,614
2023 $61,279,343 $42,158,328 $146,336,785 $19,121,015
2022 $53,075,493 $37,500,047 $124,740,980 $15,575,446
2021 $53,514,177 $35,316,032 $111,996,780 $18,198,145
2020 $52,566,183 $34,227,250 $92,920,721 $18,338,933
2019 $47,369,877 $27,709,483 $73,962,765 $19,660,394
2018 $43,801,804 $24,843,593 $52,700,935 $18,958,211
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