I B E W HEALTH AND WELFARE BENEFIT TRUST FUND- LOCAL UNION 106 (EIN 237091957) - 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

1971

Legal Domicile

Phone

7164849445

Tax Period

2024-07-01 to 2025-06-30

I B E W HEALTH AND WELFARE BENEFIT TRUST FUND- LOCAL UNION 106, founded in 1971, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $801K, a strong 18% operating margin.

Mission

TO PROVIDE FOR THE FUNDING OF HEALTH AND WELFARE BENEFITS FOR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,557,072

Investment Income $527,295

Other Revenue $430,443

TOTAL REVENUE $4,514,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,261,448

TOTAL EXPENSES $3,713,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,514,810	$3,793,754	+0.2%
Expenses	$3,713,582	$3,539,338	+0.0%
Net Income	$801,228	$254,416	+2.1%

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

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

$117,064

Total Directors

$126,223

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT JOESEL	SECRETARY/CHAIRMAN	1.00	Officer Director	$0	$0	$117,064
DAVID PAINTER	TRUSTEE	0.77	Director	$0	$0	$0
DANIEL EKSTROM	TRUSTEE	0.77	Director	$0	$0	$3,209
PHILIP BINKIWITZ	TRUSTEE	0.77	Director	$0	$0	$0
DANA JENNINGS	TRUSTEE	0.77	Director	$0	$0	$0
DEAN ROE	TRUSTEE	0.77	Director	$0	$0	$5,950

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	$4,514,810	$3,713,582	$8,643,607	$801,228
2024	$3,793,754	$3,539,338	$7,779,227	$254,416
2023	$3,434,287	$3,185,041	$7,002,156	$249,246
2022	$3,603,658	$3,302,885	$6,711,296	$300,773
2021	$3,376,388	$3,288,386	$7,093,563	$88,002
2020	$4,613,711	$4,088,915	$6,286,700	$524,796
2019	$3,502,079	$3,601,234	$5,622,958	$-99,155
2018	$3,053,772	$2,350,018	$4,861,473	$703,754

I B E W HEALTH AND WELFARE BENEFIT TRUST FUND- LOCAL UNION 106