INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 38 HEALTH & WELFARE F (EIN 346529234) - 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

1962

Legal Domicile

Principal Officer

MICHAEL MUZIC

Phone

2164317738

Tax Period

2024-05-01 to 2025-04-30

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 38 HEALTH & WELFARE F, founded in 1962, is a mid-sized nonprofit that reported $41.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDES MEDICAL AND OTHER BENEFITS TO UNION MEMBERS.

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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 $38,674,588

Investment Income $817,190

Other Revenue $1,601,456

TOTAL REVENUE $41,093,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,278

Fundraising Expenses $0

Other Expenses $2,268,911

TOTAL EXPENSES $42,037,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,093,234	$37,845,587	+0.1%
Expenses	$42,037,052	$35,044,018	+0.2%
Net Income	$-943,818	$2,801,569	-1.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MUZIC	CHAIRMAN	3.00	Director	$0	$0	$0
DAVID HAINES	TRUSTEE	1.00	Director	$0	$0	$0
JASON WALDEN	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE MANCE	SECRETARY	1.00	Director	$0	$0	$0
MARCUS DEHLER	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL GALLAGHER	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	$41,093,234	$42,037,052	$26,039,780	$-943,818
2024	$37,845,587	$35,044,018	$26,055,921	$2,801,569
2023	$36,051,243	$35,203,745	$23,258,341	$847,498
2022	$33,281,592	$35,571,905	$22,468,521	$-2,290,313
2021	$31,709,285	$34,581,505	$26,387,588	$-2,872,220
2020	$33,632,099	$35,637,191	$29,319,628	$-2,005,092
2019	$35,014,201	$32,371,670	$30,364,314	$2,642,531
2018	$31,546,484	$30,212,357	$26,392,736	$1,334,127

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 38 HEALTH & WELFARE F