IBEW LOCAL 82 HEALTH & WELFARE C/O AMERICAN BENEFIT CORP (EIN 316084151) - 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

1967

Legal Domicile

Principal Officer

JESSICA MORRISON

Phone

8007786118

Tax Period

2024-07-01 to 2025-06-30

IBEW LOCAL 82 HEALTH & WELFARE C/O AMERICAN BENEFIT CORP, founded in 1967, is a mid-sized nonprofit that reported $23.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 16% operating margin.

Mission

TO PROVIDE HEALTH, PRESCRIPTION AND DEATH BENEFITS TO COVERED MEMBERS, RETIREES AND 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,251,265

Investment Income $2,777,365

Other Revenue $0

TOTAL REVENUE $23,028,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,482

Fundraising Expenses $0

Other Expenses $1,609,014

TOTAL EXPENSES $19,298,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,028,630	$19,084,498	+0.2%
Expenses	$19,298,744	$17,354,050	+0.1%
Net Income	$3,729,886	$1,730,448	+1.2%

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
MARK POEPPELMEIER	CHAIRMAN	2.00	Director	$0	$0	$0
JACK LOHBECK	SECRETARY	2.00	Director	$0	$0	$0
JAMES A FORTKAMP	TRUSTEE	2.00	Director	$0	$0	$0
JEFF MCGUFFEY	TRUSTEE	2.00	Director	$0	$0	$0
JEROME WELLING	TRUSTEE	2.00	Director	$0	$0	$0
SHANNON MAYENSCHEIN	TRUSTEE	2.00	Director	$0	$0	$0
CARTER HARRISON	TRUSTEE	2.00	Director	$0	$0	$0
WARREN CRAPORT	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY SERRER	ALT. TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN WELLING	ALT. TRUSTEE	2.00	Director	$0	$0	$0
ANDREW HUDSON	ALT. TRUSTEE	2.00	Director	$0	$0	$0
TOM ANDERSON	ALT. TRUSTEE	2.00	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	1.00		$2,482	$0	$2,482

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	$23,028,630	$19,298,744	$41,276,135	$3,729,886
2024	$19,084,498	$17,354,050	$36,581,496	$1,730,448
2023	$17,228,827	$14,600,037	$33,174,101	$2,628,790
2022	$15,436,874	$12,032,757	$29,138,971	$3,404,117
2021	$15,523,776	$13,556,699	$29,602,405	$1,967,077
2020	$14,828,227	$14,479,321	$24,292,204	$348,906
2019	$15,616,259	$14,976,907	$23,445,578	$639,352
2018	$15,440,621	$12,303,339	$23,271,178	$3,137,282

IBEW LOCAL 82 HEALTH & WELFARE C/O AMERICAN BENEFIT CORP