IBEW LOCAL 56 HEALTH AND WELFARE PLAN

EIN: 251158956

ERIE, PA

Total Revenue
$5,957,889
Total Expenses
$5,851,890
Total Assets
$10,492,856
Net Assets
$10,445,637
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
PA
Principal Officer
BRENT BRICKER
Phone
8142403730
Tax Period
2024-07-01 to 2025-06-30

IBEW LOCAL 56 HEALTH AND WELFARE PLAN, founded in 1958, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024.

Mission

HEALTH AND WELFARE BENEFITS FOR MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,516,164
Investment Income $341,576
Other Revenue $100,149
TOTAL REVENUE $5,957,889

Expense Breakdown

Grants Paid $0
Salaries & Benefits $119,434
Fundraising Expenses $0
Other Expenses $164,187
TOTAL EXPENSES $5,851,890

Year-over-Year Comparison

2024 2023 Change
Revenue $5,957,889 $5,684,534 +0.0%
Expenses $5,851,890 $5,695,844 +0.0%
Net Income $105,999 $-11,310 -10.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
10
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
0
$0
Total Directors
6
$1,078
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT BRICKER TRUSTEE 2.00
Director
$0 $0 $0
JEFFERY BARTLETT TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW PRICE TRUSTEE 1.00
Director
$0 $0 $0
SCOTT MURDOCK TRUSTEE 1.00
Director
$0 $0 $0
ED KARGOL TRUSTEE 1.00
Director
$0 $0 $0
RICK DUNHAM TRUSTEE 1.00
Director
$708 $370 $1,078
RYAN MCCHESNEY PRIOR TRUSTEE 1.00
$1,438 $751 $2,189
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 $5,957,889 $5,851,890 $10,492,856 $105,999
2024 $5,684,534 $5,695,844 $9,933,402 $-11,310
2023 $5,558,511 $5,011,576 $9,520,466 $546,935
2022 $5,151,499 $4,939,336 $8,415,243 $212,163
Explore More Nonprofits
→Top 100 Nonprofits in Pennsylvania →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare IBEW LOCAL 56 HEALTH AND WELFARE PLAN with other nonprofits in Pennsylvania and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.