CEDAR RAPIDS, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CEDAR RAPIDS ELECTRICAL WORKERS LOCAL #405 HEALTH AND WELFARE FUND, founded in 1970, is a mid-sized nonprofit that reported $21.0M in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 34% operating margin.
THE WELFARE FUND USES EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS.
THE WELFARE FUND USES EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO PROVIDE HEALTH AND WELFARE BENEFITS TO 849 PARTICIPANTS AND THEIR DEPENDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $21,042,926 | $15,472,231 | +0.4% |
| Expenses | $13,970,232 | $11,649,691 | +0.2% |
| Net Income | $7,072,694 | $3,822,540 | +0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JACKSON BARRIGAR | CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFFREY COOLING | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSH UMSTEAD | UNION TRUSTEE | 1.00 |
Director
|
$0 | $0 | $764 |
| BILL MCDERMOTT | MANAGEMENT TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT RESOR | UNION TRUSTEE | 1.00 |
Director
|
$0 | $51,102 | $174,709 |
| ETHAN DOMKE | MANAGEMENT TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN LANE | ALTERNATE UNION TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $21,042,926 | $13,970,232 | $36,451,863 | $7,072,694 |
| 2024 | $15,472,231 | $11,649,691 | $27,664,659 | $3,822,540 |
| 2023 | $14,986,199 | $12,427,937 | $23,560,944 | $2,558,262 |
| 2022 | $13,265,769 | $11,899,085 | $19,523,124 | $1,366,684 |
| 2021 | $13,329,541 | $12,434,841 | $22,055,471 | $894,700 |
| 2020 | $11,460,371 | $11,249,260 | $21,198,252 | $211,111 |
| 2019 | $12,014,300 | $10,910,957 | $19,424,053 | $1,103,343 |
| 2018 | $11,059,502 | $9,733,560 | $16,865,326 | $1,325,942 |
Compare CEDAR RAPIDS ELECTRICAL WORKERS LOCAL #405 HEALTH AND WELFARE FUND with other nonprofits in Iowa and across the country.