LAKE COUNTY INDIANA NECA IBEW H&B PLAN P TRUST (EIN 352143298) - 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

2001

Legal Domicile

Principal Officer

FELIPE HERNANDEZ

Phone

2198454433

Tax Period

2022-01-01 to 2022-07-31

LAKE COUNTY INDIANA NECA IBEW H&B PLAN P TRUST, founded in 2001, is a micro nonprofit that reported $6.1M in total revenue in fiscal year 2022. Revenue fell 280% from the prior year — a significant decline worth monitoring.

Mission

TO FULLY OR PARTIALLY SUPPLEMENT RETIREE HEALTH & WELFARE 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,188,381

Investment Income $-7,251,956

Other Revenue $641

TOTAL REVENUE $-6,062,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,279

Fundraising Expenses $0

Other Expenses $91,286

TOTAL EXPENSES $2,331,092

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-6,062,934	$3,362,650	-2.8%
Expenses	$2,331,092	$4,138,463	-0.4%
Net Income	$-8,394,026	$-775,813	+9.8%

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

$414,555

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELIPE HERNANDEZ	TRUSTEE	1.00	Director	$0	$64,388	$193,018
EDWARD SHIKANY	TRUSTEE	1.00	Director	$0	$0	$0
DAN WALDROP	TRUSTEE	1.00	Director	$0	$0	$0
TOM CORSIGLIA	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM WALTON JR	TRUSTEE	1.00	Director	$0	$0	$0
RICK ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
ALEC DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
JOREE RICHARDS	TRUSTEE	1.00	Director	$0	$64,388	$221,537

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
2022	$-6,062,934	$2,331,092	No data	$-8,394,026
2021	$3,362,650	$4,138,463	$65,547,943	$-775,813
2020	$4,194,696	$3,935,139	$61,799,406	$259,557
2019	$5,597,048	$3,670,627	$56,329,669	$1,926,421
2018	$5,329,003	$3,289,607	$48,015,110	$2,039,396

LAKE COUNTY INDIANA NECA IBEW H&B PLAN P TRUST