INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS #1392 HEALTH AND WELFARE FUND (EIN 356034831) - 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

1957

Legal Domicile

Principal Officer

COREY NOLAND

Phone

2197696944

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS #1392 HEALTH AND WELFARE FUND, founded in 1957, is a small nonprofit that reported $811K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

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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 $711,393

Investment Income $94

Other Revenue $100,000

TOTAL REVENUE $811,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $300,449

TOTAL EXPENSES $807,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$811,487	$685,020	+0.2%
Expenses	$807,604	$693,001	+0.2%
Net Income	$3,883	$-7,981	-1.5%

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

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
MARTIN FRANSTED	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MATHEWS	TRUSTEE	1.00	Director	$0	$0	$0
ALAN REEVES	TRUSTEE	1.00	Director	$0	$0	$0
RICH SIRI JR	TRUSTEE	1.00	Director	$0	$0	$0
COREY NOLAND	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREW GRAEBER	SECRETARY	1.00	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
2024	$811,487	$807,604	$172,130	$3,883
2023	$685,020	$693,001	$97,391	$-7,981
2022	$653,226	$813,456	$144,905	$-160,230
2021	$156,216	$240,340	$334,757	$-84,124
2021	$619,239	$1,022,722	$429,865	$-403,483
2020	$655,307	$1,025,746	$780,562	$-370,439
2018	$1,016,579	$811,382	$1,226,456	$205,197

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS #1392 HEALTH AND WELFARE FUND