IBEW LOCAL 129 HEALTH & WELFARE FUND (EIN 346608616) - 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

1963

Legal Domicile

Principal Officer

HEATHER CARMAN

Phone

4402337156

Tax Period

2024-05-01 to 2025-04-30

IBEW LOCAL 129 HEALTH & WELFARE FUND, founded in 1963, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 18% operating margin.

Mission

UNION HEALTH & WELFARE BENEFITS FOR 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 $7,613,198

Investment Income $205,002

Other Revenue $0

TOTAL REVENUE $7,818,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $606,123

TOTAL EXPENSES $6,393,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,818,200	$5,860,428	+0.3%
Expenses	$6,393,571	$5,707,756	+0.1%
Net Income	$1,424,629	$152,672	+8.3%

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

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
DEAN ASLANIS	TRUSTEE	N/A	Director	$0	$0	$0
TOBY CALLIHAN	TRUSTEE	N/A	Director	$0	$0	$0
JIM DECKERT	ASSISTANT DI	N/A	Officer Director	$0	$0	$0
JOHN NOVAK	TRUSTEE	N/A	Director	$0	$0	$0
MICHAEL RUSSELLE	TRUSTEE	N/A	Director	$0	$0	$0
MARC SCHUESZLER	CHAIRMAN	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	$7,818,200	$6,393,571	$7,195,724	$1,424,629
2024	$5,860,428	$5,707,756	$5,098,577	$152,672
2023	$5,754,725	$5,446,638	$4,569,842	$308,087
2022	$5,290,595	$5,702,342	$4,243,235	$-411,747
2021	$4,629,792	$4,599,758	$4,518,258	$30,034
2020	$5,048,677	$4,833,773	$4,417,951	$214,904
2019	$5,087,877	$5,001,231	$4,225,510	$86,646
2018	$4,384,020	$5,307,879	$4,226,439	$-923,859

IBEW LOCAL 129 HEALTH & WELFARE FUND