NEW YORK CITY ELECTRICIANS HEALTH AND WELFARE FUND (EIN 237406716) - 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

1984

Legal Domicile

Principal Officer

SEAN FITZPATRICK

Phone

7188201690

Tax Period

2023-01-01 to 2023-12-31

NEW YORK CITY ELECTRICIANS HEALTH AND WELFARE FUND, founded in 1984, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO COVERED PARTICIPANTS.

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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 $1,949,633

Investment Income $342,150

Other Revenue $24,093

TOTAL REVENUE $2,315,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,171

Fundraising Expenses $0

Other Expenses $157,225

TOTAL EXPENSES $2,185,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,315,876	$2,361,692	0.0%
Expenses	$2,185,307	$1,981,361	+0.1%
Net Income	$130,569	$380,331	-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

N/A

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

$5,215

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD CASSIDY	FUND ADMINISTRATOR	20.00		$0	$0	$123,250
SEAN FITZPATRICK	Trustee	1.00	Director	$745	$0	$745
MICHAEL ALLEN	Trustee	1.00	Director	$745	$0	$745
UMBERTO DIVANNA	Trustee	1.00	Director	$596	$0	$596
WALTER KIEDROWSKI	Trustee	1.00	Director	$596	$0	$596
THOMAS COZZO	Trustee	1.00	Director	$596	$0	$596
STEPHEN BEVILACQUA	Trustee	1.00	Director	$596	$0	$596
CLYDE CAMPBELL	Trustee	1.00	Director	$596	$0	$596
JAMES MCCANN	Trustee	1.00	Director	$447	$0	$447
BILL LECOMPLES	Trustee	1.00	Director	$298	$0	$298

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	No data	No data	No data	No data
2023	$2,315,876	$2,185,307	$10,779,087	$130,569
2022	$2,361,692	$1,981,361	$10,111,899	$380,331
2021	$2,511,809	$1,847,871	$11,032,893	$663,938
2020	$2,574,037	$1,675,614	$10,174,070	$898,423
2019	$2,603,568	$1,969,592	$9,066,585	$633,976
2018	$2,369,884	$2,255,322	$8,014,996	$114,562

NEW YORK CITY ELECTRICIANS HEALTH AND WELFARE FUND