INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS 683 HEALTH & WELFARE FUND (EIN 316084152) - 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

1966

Legal Domicile

Principal Officer

PATRICK HOOK

Phone

3147522330

Tax Period

2024-06-01 to 2025-05-31

INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS 683 HEALTH & WELFARE FUND, founded in 1966, is a mid-sized nonprofit that reported $74.0M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.9M, a strong 24% operating margin.

Mission

PROVIDE MEDICAL, DENTAL, VISION, SHORT-TERM DISABILITY AND DEATH BENEFITS TO IBEW LOCAL UNION 683 MEMBERS 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 $72,324,141

Investment Income $1,665,637

Other Revenue $20,003

TOTAL REVENUE $74,009,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,087

Fundraising Expenses $0

Other Expenses $2,028,468

TOTAL EXPENSES $56,133,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,009,781	$45,309,220	+0.6%
Expenses	$56,133,772	$37,166,535	+0.5%
Net Income	$17,876,009	$8,142,685	+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

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
ANTHONY CIARDELLI	UNION TRUSTE	N/A	Director	$0	$0	$0
RYAN DEW	MGMT TRUSTEE	N/A	Director	$0	$0	$0
BRIAN HARTSHORN	MGMT TRUSTEE	N/A	Director	$0	$0	$0
PATRICK HOOK	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MICHAEL MOREY	UNION TRUSTE	N/A	Director	$0	$0	$0
JEREMY RYAN	SECRETARY	N/A	Officer 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	$74,009,781	$56,133,772	$67,365,957	$17,876,009
2024	$45,309,220	$37,166,535	$46,879,683	$8,142,685
2023	$43,663,967	$35,407,163	$35,394,113	$8,256,804
2022	$34,571,326	$32,396,660	$27,261,838	$2,174,666
2021	$29,115,001	$28,482,408	$25,457,013	$632,593
2020	$27,731,121	$23,019,284	$23,910,365	$4,711,837
2019	$23,210,746	$21,123,214	$18,996,236	$2,087,532

INTERNATIONAL BROTHERHOOD OF ELECTR WORKERS 683 HEALTH & WELFARE FUND