Michiana Area Electrical Workers Health & Welfare (EIN 356073323) - 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

1961

Legal Domicile

Phone

5173217502

Tax Period

2024-05-01 to 2025-04-30

Michiana Area Electrical Workers Health & Welfare, founded in 1961, is a mid-sized nonprofit that reported $31.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

To provide hospitalization, medical and other related health care benefits to eligible plan 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 $28,903,848

Investment Income $1,386,536

Other Revenue $1,162,238

TOTAL REVENUE $31,452,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,260,431

Other Expenses $1,042,431

TOTAL EXPENSES $32,260,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,452,622	$25,643,721	+0.2%
Expenses	$32,260,431	$22,102,191	+0.5%
Net Income	$-807,809	$3,541,530	-1.2%

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

N/A

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

$299,728

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LEDA	TRUSTEE	1.00	Director	$0	$45,021	$155,125
JASON PIONTEK	SECRETARY	1.00	Director	$0	$43,307	$144,603
KEVIN WOODING	TRUSTEE	1.00	Director	$0	$0	$0
ROGER DOSMANN	CHAIRMAN	1.00	Director	$0	$0	$0
CHRISTOPHER GROVE	TRUSTEE	1.00	Director	$0	$0	$0
TIM NOONAN	TRUSTEE	1.00	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	$31,452,622	$32,260,431	$40,197,932	$-807,809
2024	$25,643,721	$22,102,191	$33,973,747	$3,541,530
2023	$22,286,467	$19,002,926	$28,329,148	$3,283,541
2022	$21,753,324	$20,034,588	$25,252,279	$1,718,736
2021	$20,298,250	$19,170,638	$23,427,549	$1,127,612
2020	$20,355,960	$15,829,839	$19,356,424	$4,526,121
2019	$19,188,878	$17,349,474	$16,778,538	$1,839,404
2018	$18,798,704	$16,649,145	$13,842,930	$2,149,559

Michiana Area Electrical Workers Health & Welfare