LOCAL UNION 704 IBEW HEALTH AND WELFARE FUND (EIN 237181744) - 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

1959

Legal Domicile

Phone

3097648080

Tax Period

2023-05-01 to 2024-04-30

LOCAL UNION 704 IBEW HEALTH AND WELFARE FUND, founded in 1959, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 4% surplus.

Mission

HEALTH & WELFARE BENEFITS

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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 $2,593,315

Investment Income $115,294

Other Revenue $0

TOTAL REVENUE $2,708,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $186,262

TOTAL EXPENSES $2,608,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,708,609	$2,517,538	+0.1%
Expenses	$2,608,880	$2,217,204	+0.2%
Net Income	$99,729	$300,334	-0.7%

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

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

$138,399

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD THIELEN	TRUSTEE	1.00	Director	$0	$0	$0
ANDY GENTHE	TRUSTEE	1.00	Director	$0	$0	$0
MATT ELLIOT	TRUSTEE	1.00	Director	$0	$0	$0
TOM TOWNSEND	TRUSTEE	1.00	Director	$0	$40,449	$136,133
MATT MICHELS	TRUSTEE	1.00	Director	$0	$0	$0
SPENCER PINS	TRUSTEE	1.00	Director	$0	$292	$951
james vormezeele	TRUSTEE	1.00	Director	$0	$405	$1,315

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	$2,708,609	$2,608,880	$6,759,086	$99,729
2023	$2,517,538	$2,217,204	$6,223,380	$300,334
2022	$2,286,638	$2,137,975	$5,603,724	$148,663
2021	$2,272,058	$1,967,339	$5,158,692	$304,719
2020	$2,185,704	$1,888,821	$4,542,601	$296,883
2019	$2,420,220	$1,757,207	$4,072,945	$663,013

LOCAL UNION 704 IBEW HEALTH AND WELFARE FUND