IBEW LOCAL UNION 375 ELECTRICIANS … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

PAUL ANTHONY

Phone

6104329762

Tax Period

2023-01-01 to 2023-12-31

IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND, founded in 1962, is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2023.

Mission

PROVIDE HEALTH BENEFITS TO MEMBERS.

Program Service Accomplishments

Program 1

THE PLAN PROVIDES LIFE, VISION, ACCIDENTAL DEATH, DISABILITY, DENTAL, HOSPITALIZATION, MEDICAL AND OTHER RELATED MEMBER BENEFITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,528,380

Investment Income $258,150

Other Revenue $255

TOTAL REVENUE $13,786,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $497,147

TOTAL EXPENSES $13,425,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,786,785	$14,102,790	0.0%
Expenses	$13,425,530	$11,222,558	+0.2%
Net Income	$361,255	$2,880,232	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL ANTHONY	UNION TRUSTEE	5.00	Director	$0	$0	$0
ALAN REX	UNION TRUSTEE	2.00	Director	$0	$0	$0
PATRICK FALENWOLFE	UNION TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL ALABOVITZ	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ALEX MAGGITTI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MEAGAN BECK	EMPLOYER 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	No data	No data	No data	No data
2023	$13,786,785	$13,425,530	$14,057,983	$361,255
2022	$14,102,790	$11,222,558	$13,653,431	$2,880,232
2021	$13,102,827	$11,638,176	$11,255,547	$1,464,651
2020	$12,060,172	$11,677,737	$9,817,010	$382,435
2019	$12,458,732	$12,941,450	$9,420,935	$-482,718
2018	$12,370,985	$11,423,134	$8,742,541	$947,851

IBEW LOCAL UNION 375 ELECTRICIANS WELFARE FUND