Redwood Empire Electrical Workers Health & Welfare Trust (EIN 237071451) - 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

1965

Legal Domicile

Principal Officer

JOHN MCENTAGART

Phone

7075261996

Tax Period

2023-01-01 to 2023-12-31

Redwood Empire Electrical Workers Health & Welfare Trust, founded in 1965, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2023. Expenses of $11.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 551 EMPLOYER ASSOCIATIONS AND INDIVIDUAL EMPLOYERS SIGNATORY TO THE AGREEMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,818,340

Investment Income $-236,052

Other Revenue $0

TOTAL REVENUE $10,582,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,331

Fundraising Expenses $0

Other Expenses $254,886

TOTAL EXPENSES $11,711,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,582,288	$10,753,163	0.0%
Expenses	$11,711,220	$10,893,619	+0.1%
Net Income	$-1,128,932	$-140,456	+7.0%

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

N/A

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

$4,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS PAGLIA	TRUSTEE	5.0	Director	$2,546	$0	$2,546
Adrian Hardesty	TRUSTEE	5.0	Director	$2,038	$0	$2,038
JOHN MCENTAGART	TRUSTEE	5.0	Director	$0	$0	$0
JOSEPH TREMAINE	TRUSTEE (FORMER)	5.0	Director	$0	$0	$0
JIM CHIAPPARI	TRUSTEE	5.0	Director	$0	$0	$0
ANISA THOMSEN	TRUSTEE	5.0	Director	$0	$0	$0
Tiffany Howe	TRUSTEE	5.0	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	No data	No data	No data	No data
2023	$10,582,288	$11,711,220	$12,914,123	$-1,128,932
2022	$10,753,163	$10,893,619	$12,158,517	$-140,456
2021	$10,595,955	$11,190,637	$13,209,086	$-594,682
2020	$11,387,465	$10,773,862	$14,586,766	$613,603
2019	$11,473,199	$10,812,240	$14,125,151	$660,959
2018	$10,724,025	$9,561,995	$12,034,261	$1,162,030

Redwood Empire Electrical Workers Health & Welfare Trust