IBEW LOCAL UNION 575 RETIREE HEALTH BENEFIT FUND PLAN AND TRUST (EIN 311444185) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

JOE DILLOW

Phone

3045250331

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL UNION 575 RETIREE HEALTH BENEFIT FUND PLAN AND TRUST, founded in 1998, is a community nonprofit in the Mutual Benefit sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 207% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 84% operating margin.

Mission

TO HELP DEFRAY AND LESSEN THE COST OF HEALTH INSURANCE COVERAGE TO RETIRED OR DISABLED PARTICIPANTS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,475,260

Investment Income $122,479

Other Revenue $0

TOTAL REVENUE $2,597,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $415,725

Other Expenses $37,136

TOTAL EXPENSES $415,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,597,739	$847,060	+2.1%
Expenses	$415,725	$522,126	-0.2%
Net Income	$2,182,014	$324,934	+5.7%

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

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
JEREMY RYAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSEPH P DILLOW	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MILES FERGUSON	TRUSTEE	2.00	Director	$0	$0	$0
MIKE HEIBEL	TRUSTEE	2.00	Director	$0	$0	$0
AARON WARD	TRUSTEE	2.00	Director	$0	$0	$0
ROD HENSLEY	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
2024	$2,597,739	$415,725	$4,685,941	$2,182,014
2023	$847,060	$522,126	$2,498,760	$324,934
2022	$1,028,273	$496,799	$2,156,700	$531,474
2021	$623,473	$447,246	$1,649,871	$176,227
2020	$532,112	$441,099	$1,474,802	$91,013
2019	$450,557	$432,759	$1,385,032	$17,798
2018	$481,714	$415,561	$1,369,761	$66,153

IBEW LOCAL UNION 575 RETIREE HEALTH BENEFIT FUND PLAN AND TRUST