IBEW-NECA SOUTHWESTERN HEALTH & BENEFIT FUND (EIN 237259768) - 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

1973

Legal Domicile

Principal Officer

Kit Bass

Phone

8005270320

Tax Period

2023-09-01 to 2024-08-31

IBEW-NECA SOUTHWESTERN HEALTH & BENEFIT FUND, founded in 1973, is a major nonprofit that reported $108.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

To provide health and welfare benefits to eligible electricians.

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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 $97,646,481

Investment Income $2,329,598

Other Revenue $8,250,807

TOTAL REVENUE $108,226,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,559

Fundraising Expenses $0

Program Expenses $101,168,338

Other Expenses $4,029,249

TOTAL EXPENSES $105,265,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,226,886	$95,474,599	+0.1%
Expenses	$105,265,146	$97,850,930	+0.1%
Net Income	$2,961,740	$-2,376,331	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kit Bass	MGMT TRUSTEE	002.00	Officer Director	$0	$0	$0
Dylan Woodard	MGMT TRUSTEE	002.00	Director	$0	$0	$0
Brian McFarland	MGMT TRUSTEE	002.00	Director	$0	$0	$0
Mike Tallis	MGMT TRUSTEE	002.00	Director	$0	$0	$0
David Sanchez	MGMT TRUSTEE	002.00	Director	$0	$0	$0
MARK HUSTON	MGMT TRUSTEE	002.00	Director	$0	$0	$0
Michael Leonard	IBEW TRUSTEE	002.00	Director	$0	$0	$0
David Carranco	IBEW TRUSTEE	002.00	Officer Director	$0	$0	$0
Joshua DeSpain	IBEW TRUSTEE	002.00	Director	$0	$0	$0
Anthony Cahill	IBEW TRUSTEE	002.00	Director	$0	$0	$0
Alfonso Martinez Jr	IBEW TRUSTEE	002.00	Director	$0	$0	$0
Price Warwick III	IBEW TRUSTEE	002.00	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
2024	$108,226,886	$105,265,146	$96,474,761	$2,961,740
2023	$95,474,599	$97,850,930	$84,636,966	$-2,376,331
2022	$82,634,099	$81,804,937	$77,654,881	$829,162
2021	$85,480,690	$82,552,470	$75,158,723	$2,928,220
2020	$76,608,863	$79,891,576	$66,290,325	$-3,282,713
2019	$74,371,188	$78,533,447	$70,046,167	$-4,162,259
2018	$68,904,887	$68,540,408	$69,671,232	$364,479

IBEW-NECA SOUTHWESTERN HEALTH & BENEFIT FUND