4TH DISTRICT IBEW HEALTH FUND (EIN 316068797) - 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

1961

Legal Domicile

Principal Officer

WILLIAM HAMILTON

Phone

3045250331

Tax Period

2023-10-01 to 2024-09-30

4TH DISTRICT IBEW HEALTH FUND, founded in 1961, is a major nonprofit in the Mutual Benefit sector that reported $101.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $17.6M, a strong 17% operating margin.

Mission

TO PROVIDE HEALTH AND INSURANCE BENEFITS TO MEMBERS BY PAYMENT OF CLAIMS FOR HEALTH, ACCIDENT, SICKNESS, DENTAL AND LIFE INSURANCE FOR MEMBERS AND THEIR DEPENDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $98,483,572

Investment Income $2,936,169

Other Revenue $0

TOTAL REVENUE $101,419,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,063,340

Other Expenses $5,708,220

TOTAL EXPENSES $83,771,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,419,741	$88,205,041	+0.1%
Expenses	$83,771,560	$69,756,620	+0.2%
Net Income	$17,648,181	$18,448,421	0.0%

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

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
BILL HAMILTON	CHAIRMAN TRUSTEE	1.00	Director	$0	$0	$0
CHRIS SAMPLES	TRUSTEE	1.00	Director	$0	$0	$0
SHANE WOLFE	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BANE	TRUSTEE	1.00	Director	$0	$0	$0
TED BRADY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FRANTZ	TRUSTEE	1.00	Director	$0	$0	$0
MIKE DISHON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HAUGHT	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
2024	$101,419,741	$83,771,560	$118,105,890	$17,648,181
2023	$88,205,041	$69,756,620	$92,399,445	$18,448,421
2022	$85,309,236	$69,267,574	$71,153,074	$16,041,662
2021	$82,305,035	$87,095,944	$62,184,887	$-4,790,909
2020	$75,048,795	$80,316,154	$64,671,464	$-5,267,359
2019	$74,862,370	$73,092,466	$68,094,778	$1,769,904
2018	$64,786,285	$61,955,718	$66,824,427	$2,830,567

4TH DISTRICT IBEW HEALTH FUND