LOCAL 212 IBEW HEALTH & WELFARE TRUST FUND (EIN 310782819) - 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

RICHARD FISCHER

Phone

3172483924

Tax Period

2024-05-01 to 2025-04-30

LOCAL 212 IBEW HEALTH & WELFARE TRUST FUND, founded in 1973, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2017. Expenses of $15.0M left a modest 14% surplus.

Mission

THE MISSION IS TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS OF LOCAL 212, IBEW HEALTH AND WELFARE TRUST FUND.

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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 $22,486,269

Investment Income $1,310,414

Other Revenue $515,473

TOTAL REVENUE $24,312,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,908,970

TOTAL EXPENSES $23,035,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,312,156	$22,074,999	+0.1%
Expenses	$23,035,483	$21,866,961	+0.1%
Net Income	$1,276,673	$208,038	+5.1%

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

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

$354,836

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD MICHEL	TRUSTEE	1.00	Director	$0	$57,788	$188,423
TRACY THORNER	TRUSTEE	1.00	Director	$0	$55,639	$164,913
RICHARD FISCHER	TRUSTEE	1.00	Director	$0	$0	$1,200
ANDY HENSLEY	TRUSTEE	1.00	Director	$0	$0	$300
HOWARD MAYERS	TRUSTEE	1.00	Director	$0	$0	$0
DAN MILLER	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	$24,312,156	$23,035,483	$40,149,606	$1,276,673
2024	$22,074,999	$21,866,961	$36,192,488	$208,038
2023	$20,215,031	$19,429,828	$34,033,219	$785,203
2022	$19,242,820	$19,053,838	$33,214,822	$188,982
2021	$20,250,861	$17,317,789	$35,366,580	$2,933,072
2020	$18,901,332	$18,497,643	$29,331,202	$403,689
2019	$17,091,606	$15,782,500	$28,522,153	$1,309,106
2018	$17,464,983	$15,019,974	$25,848,941	$2,445,009

LOCAL 212 IBEW HEALTH & WELFARE TRUST FUND