IBEW HEALTH AND WELFARE TRUST OF SOUTHWEST WASHINGTON HEALTH CARE (EIN 237158640) - 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

1972

Legal Domicile

Principal Officer

PETE BUTLER

Phone

5095340600

Tax Period

2024-07-01 to 2025-06-30

IBEW HEALTH AND WELFARE TRUST OF SOUTHWEST WASHINGTON HEALTH CARE, founded in 1972, is a mid-sized nonprofit that reported $14.8M in total revenue in fiscal year 2024. The organization ran a surplus of $2.5M, a strong 17% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS PURSUANT TO COLLECTIVE BARGAINING 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,277,258

Investment Income $1,487,115

Other Revenue $6,155

TOTAL REVENUE $14,770,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,315,287

Other Expenses $970,805

TOTAL EXPENSES $12,315,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,770,528	$13,991,285	+0.1%
Expenses	$12,315,287	$11,803,911	+0.0%
Net Income	$2,455,241	$2,187,374	+0.1%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY K O'DONNELL SR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETE BUTLER	SECRETARY	1.00	Officer Director	$0	$0	$0
CLINT BRYSON	TRUSTEE	1.00	Director	$0	$0	$0
KEN JENNINGS	TRUSTEE	1.00	Director	$0	$0	$0
JACK KNOTTINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
STEVE DOYLE	TRUSTEE	1.00	Director	$0	$0	$0
TRAVIS SHARP	TRUSTEE	1.00	Director	$0	$0	$0
UBIE STAGG	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	$14,770,528	$12,315,287	$39,146,625	$2,455,241
2024	$13,991,285	$11,803,911	$34,595,273	$2,187,374
2023	$12,783,619	$10,065,383	$30,183,067	$2,718,236
2022	$11,788,089	$8,224,342	$27,375,397	$3,563,747
2021	$13,148,275	$11,062,219	$27,788,424	$2,086,056
2020	$12,357,506	$9,589,744	$24,774,325	$2,767,762
2019	$13,021,749	$10,743,505	$21,302,802	$2,278,244
2018	$11,280,327	$7,707,469	$17,716,011	$3,572,858

IBEW HEALTH AND WELFARE TRUST OF SOUTHWEST WASHINGTON HEALTH CARE