IBEW HEALTH AND WELFARE TRUST FUND NECA LOCAL UNION NO 313 (EIN 237024556) - Form 990 Financial Analysis & Trantor Score

🔒

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

1968

Legal Domicile

Principal Officer

JAMES R MURRIAN

Phone

3027622008

Tax Period

2024-01-01 to 2024-12-31

IBEW HEALTH AND WELFARE TRUST FUND NECA LOCAL UNION NO 313, founded in 1968, is a mid-sized nonprofit that reported $18.9M in total revenue in fiscal year 2024. Expenses of $21.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND DEPENDENTS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,627,409

Investment Income $486,947

Other Revenue $741,773

TOTAL REVENUE $18,856,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,020,721

TOTAL EXPENSES $21,080,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,856,129	$17,970,779	+0.0%
Expenses	$21,080,020	$17,824,686	+0.2%
Net Income	$-2,223,891	$146,093	-16.2%

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

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

$256,363

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R MURRIAN	CHAIRMAN	2.0	Director	$0	$104,302	$256,363
DANIEL HAHN	CO-CHAIRMAN	2.0	Director	$0	$0	$0
BRUCE ESPER	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT F MACLENNAN	TRUSTEE	2.0	Director	$0	$0	$0
JOHN B DENNIS III	TRUSTEE	2.0	Director	$0	$0	$0
JAMES MEYER	TRUSTEE	2.0	Director	$0	$0	$0
FRED FISHER	TRUSTEE	2.0	Director	$0	$0	$0
JIMMIE FITZSIMMONS	TRUSTEE	2.0	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	$18,856,129	$21,080,020	$28,321,621	$-2,223,891
2023	$17,970,779	$17,824,686	$26,763,896	$146,093
2022	$16,648,230	$16,210,494	$25,006,292	$437,736
2021	$18,943,622	$17,389,125	$27,948,831	$1,554,497
2020	$15,650,405	$14,335,745	$26,028,942	$1,314,660
2020	$15,630,362	$14,335,745	$25,576,000	$1,294,617
2019	$18,140,490	$14,266,105	$22,790,571	$3,874,385
2018	$18,599,779	$11,998,077	$17,844,327	$6,601,702

IBEW HEALTH AND WELFARE TRUST FUND NECA LOCAL UNION NO 313