IBEW Local 607 Health and Welfare Fund (EIN 246021385) - 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

1964

Legal Domicile

Principal Officer

Anthony Gratti Jr

Phone

9732284200

Tax Period

2024-06-01 to 2025-05-31

IBEW Local 607 Health and Welfare Fund, founded in 1964, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $881K, a strong 18% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS OF THE LOCAL UNION

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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 $4,815,288

Investment Income $34,597

Other Revenue $0

TOTAL REVENUE $4,849,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $144,599

TOTAL EXPENSES $3,969,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,849,885	$4,286,213	+0.1%
Expenses	$3,969,104	$3,872,037	+0.0%
Net Income	$880,781	$414,176	+1.1%

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
ANTHONY GRATTI JR	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BEDNAR	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT TRIPLETT	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BRUST	TRUSTEE	2.00	Director	$0	$0	$0
JAMES KOFSKIE	TRUSTEE	2.00	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	No data	No data	No data	No data
2025	$4,849,885	$3,969,104	$2,393,468	$880,781
2024	$4,286,213	$3,872,037	$1,522,896	$414,176
2023	$3,739,766	$3,634,898	$1,066,964	$104,868
2022	$4,262,327	$3,715,243	$1,426,388	$547,084
2021	$3,279,477	$4,068,711	$926,787	$-789,234
2020	$2,599,717	$4,993,726	$1,775,053	$-2,394,009
2019	$2,861,475	$4,633,307	$4,522,449	$-1,771,832
2018	$8,645,490	$7,193,524	$5,690,056	$1,451,966

IBEW Local 607 Health and Welfare Fund