IBEW HEALTH AND WELFARE TRUST FUND NECA LOCAL UNION NO 313

EIN: 237024556

PITTSBURGH, PA

Total Revenue
$18,856,129
Total Expenses
$21,080,020
Total Assets
$28,321,621
Net Assets
$25,788,168
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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
1968
Legal Domicile
DE
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. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND DEPENDENTS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL...

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THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND DEPENDENTS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

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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 $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
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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

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Governance

Voting Members
8
Independent Members
7
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
8
$256,363
Key Employees
0
$0
Highest Compensated
0
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
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