ELECTRICAL WORKERS BENEFIT TRUST FUND (EIN 350851694) - 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

1949

Legal Domicile

Principal Officer

DAVID RAY

Phone

3179234577

Tax Period

2023-01-01 to 2023-12-31

ELECTRICAL WORKERS BENEFIT TRUST FUND, founded in 1949, is a mid-sized nonprofit that reported $53.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.3M, a strong 28% operating margin.

Mission

PROVIDE HEALTH BENEFITS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $48,687,265

Investment Income $4,894,459

Other Revenue $0

TOTAL REVENUE $53,581,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $622,018

Fundraising Expenses $0

Other Expenses $852,874

TOTAL EXPENSES $38,321,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,581,724	$43,680,458	+0.2%
Expenses	$38,321,008	$38,970,881	0.0%
Net Income	$15,260,716	$4,709,577	+2.2%

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

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

$372,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF WHEELER	TRUSTEE	1.00	Director	$0	$70,833	$184,097
ANDREW WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JIM TSAREFF	TRUSTEE	1.00	Director	$0	$0	$0
TIM WHICKER	TRUSTEE	1.00	Director	$0	$0	$0
LARRY VAN TRIES	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
CARL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$1,481
CHRIS GRIDER	TRUSTEE	1.00	Director	$0	$3,831	$10,717
BLAKE ANDREWS	ALTERNATE TRUSTEE	1.00	Director	$0	$68,883	$176,367
DAVID RAY	PLAN ADMINISTRATOR	12.00	Highest	$150,867	$77,462	$228,329
WHITNEY KING	ASSISTANT PLAN ADMINISTRATOR	16.00	Highest	$105,868	$64,229	$170,097

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
2024	No data	No data	No data	No data
2023	$53,581,724	$38,321,008	$187,230,122	$15,260,716
2022	$43,680,458	$38,970,881	$158,526,300	$4,709,577
2021	$49,044,150	$36,164,140	$174,050,857	$12,880,010
2020	$49,482,566	$33,873,746	$150,845,073	$15,608,820
2019	$41,696,842	$36,329,730	$125,996,485	$5,367,112
2018	$31,663,503	$40,652,180	$105,303,565	$-8,988,677

ELECTRICAL WORKERS BENEFIT TRUST FUND