STEUBENVILLE ELECTRICAL WELFARE FUND (EIN 346537195) - 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

1959

Legal Domicile

Principal Officer

LEONARD CORONA

Phone

4124321143

Tax Period

2024-07-01 to 2025-06-30

STEUBENVILLE ELECTRICAL WELFARE FUND, founded in 1959, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $4.1M left a modest 6% surplus.

Mission

TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS OF THE LOCAL ELECTRICAL UNION.

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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 $4,163,012

Investment Income $117,758

Other Revenue $30,345

TOTAL REVENUE $4,311,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $443,858

TOTAL EXPENSES $4,065,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,311,115	$4,832,470	-0.1%
Expenses	$4,065,910	$3,664,228	+0.1%
Net Income	$245,205	$1,168,242	-0.8%

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
PHIL BOLDEN	MANAGEMENT T	N/A	Director	$0	$0	$0
TRAVIS BOOTH	LABOR TRUSTE	N/A	Director	$0	$0	$0
KEVAN BROWN	ALT. LABOR T	N/A	Director	$0	$0	$0
LEONARD CORONA	CHAIRMAN	N/A	Officer Director	$0	$0	$0
GREG SERAFINI	LABOR TRUSTE	N/A	Director	$0	$0	$0
THOMAS SHREVES	ALT MGT TRUS	N/A	Director	$0	$0	$0
JASON WALDEN	MANAGEMENT T	N/A	Director	$0	$0	$0
ROBERT E WICKHAM	SECRETARY/TR	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	$4,311,115	$4,065,910	$6,275,118	$245,205
2024	$4,832,470	$3,664,228	$5,829,708	$1,168,242
2023	$3,816,802	$3,651,318	$4,459,487	$165,484
2022	$4,249,928	$4,081,299	$4,267,548	$168,629
2021	$5,909,004	$4,753,513	$4,062,620	$1,155,491
2020	$4,844,545	$5,677,408	$1,951,964	$-832,863
2019	$5,327,688	$4,934,820	$2,784,827	$392,868
2018	$3,755,766	$4,279,821	$2,391,959	$-524,055

STEUBENVILLE ELECTRICAL WELFARE FUND