INTL BROTHERHOOD ELECTRICAL WORKERS LOCAL 17 HEALTH & WELFARE FUND (EIN 237080551) - 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

1970

Legal Domicile

Principal Officer

MICHAEL KOZLOWSKI

Phone

2488139800

Tax Period

2023-08-01 to 2024-07-31

INTL BROTHERHOOD ELECTRICAL WORKERS LOCAL 17 HEALTH & WELFARE FUND, founded in 1970, is a mid-sized nonprofit that reported $53.7M in total revenue in fiscal year 2023. The organization ran a surplus of $12.5M, a strong 23% operating margin.

Mission

TO PROVIDE HEALTH CARE AND LIFE INSURANCE BENEFITS TO LOCAL 17 MEMBERS AND THEIR BENEFICIARIES PURSUANT TO A COLLECTIVELY BARGAINED AGREEMENT UNDER A JOINTLY ADMINISTERED TAFT HARLEY TRUST FUND.

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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 $43,404,131

Investment Income $5,943,391

Other Revenue $4,303,913

TOTAL REVENUE $53,651,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,234,975

Other Expenses $930,679

TOTAL EXPENSES $41,165,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,651,435	$52,813,492	+0.0%
Expenses	$41,165,654	$35,385,415	+0.2%
Net Income	$12,485,781	$17,428,077	-0.3%

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

Employees

124

Volunteers

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

$228,525

Total Directors

$678,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KOZLOWSKI	CHAIRMAN	1.00	Officer Director	$0	$60,174	$228,525
ANTHONY RAU	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES SHAW	TRUSTEE	1.00	Director	$0	$25,689	$221,314
MICHAEL PITTMAN	TRUSTEE	1.00	Director	$0	$60,174	$228,525
ADAM SEGERS	TRUSTEE	1.00	Director	$0	$0	$0
DARRIN FERGUSON	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$53,651,435	$41,165,654	$107,982,101	$12,485,781
2023	$52,813,492	$35,385,415	$96,397,992	$17,428,077
2022	$55,626,005	$33,952,912	$76,426,384	$21,673,093
2021	$44,503,085	$27,238,041	$62,953,427	$17,265,044
2020	$37,952,532	$23,941,969	$44,035,854	$14,010,563
2019	$32,703,164	$23,220,717	$28,920,980	$9,482,447
2018	$30,580,731	$25,836,849	$19,470,054	$4,743,882

INTL BROTHERHOOD ELECTRICAL WORKERS LOCAL 17 HEALTH & WELFARE FUND