ELECTRICIANS WELFARE FUND-NO 81 (EIN 246021365) - 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

1954

Legal Domicile

Principal Officer

MICHAEL MCDERMOTT

Phone

5703445711

Tax Period

2024-05-01 to 2025-04-30

ELECTRICIANS WELFARE FUND-NO 81, founded in 1954, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $9.5M left a modest 11% surplus.

Mission

WELFARE BENEFITS FOR ALL PRACTICING 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 $9,877,376

Investment Income $734,972

Other Revenue $0

TOTAL REVENUE $10,612,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,923,412

Other Expenses $1,186,451

TOTAL EXPENSES $9,487,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,612,348	$8,832,053	+0.2%
Expenses	$9,487,338	$8,739,149	+0.1%
Net Income	$1,125,010	$92,904	+11.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJ PALAZZARI	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCDERMOTT	UNION TRUSTEE	1.00	Director	$0	$0	$0
EDWARD O'DONNELL	UNION TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY LEBER	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WALSH JR	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
PATRICK HARDING	UNION 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	$10,612,348	$9,487,338	$17,813,323	$1,125,010
2024	$8,832,053	$8,739,149	$16,261,380	$92,904
2023	$8,397,793	$8,474,258	$15,532,076	$-76,465
2022	$8,238,937	$8,124,886	$15,969,478	$114,051
2021	$6,333,023	$7,187,982	$17,250,131	$-854,959
2020	$6,932,717	$7,217,408	$17,186,675	$-284,691
2019	$7,846,389	$7,151,894	$17,633,900	$694,495
2018	$7,591,572	$6,339,639	$17,800,767	$1,251,933

ELECTRICIANS WELFARE FUND-NO 81