NECA IBEW 176 HEALTH & WELFARE FUND (EIN 361264190) - 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

1975

Legal Domicile

Principal Officer

DAVID RUDER

Phone

8157292666

Tax Period

2024-06-01 to 2025-05-31

NECA IBEW 176 HEALTH & WELFARE FUND, founded in 1975, is a mid-sized nonprofit that reported $33.3M in total revenue in fiscal year 2024. Expenses of $40.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE MEDICAL, DISABILITY, LIFE, AND AD&D BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

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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 $31,193,943

Investment Income $2,126,632

Other Revenue $0

TOTAL REVENUE $33,320,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,133

Fundraising Expenses $0

Other Expenses $1,838,402

TOTAL EXPENSES $40,145,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,320,575	$31,385,571	+0.1%
Expenses	$40,145,435	$34,849,759	+0.2%
Net Income	$-6,824,860	$-3,464,188	+1.0%

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

$543,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RUDER	TRUSTEE	3.00	Director	$0	$0	$0
NICK OLSON	TRUSTEE	3.00	Director	$0	$10,670	$23,907
PAUL ROLIH	TRUSTEE	3.00	Director	$0	$0	$0
ANDY RICO	TRUSTEE	3.00	Director	$0	$110,192	$264,580
JEFF KEAST	TRUSTEE	3.00	Director	$0	$0	$0
RYAN ALDRICH	TRUSTEE	3.00	Director	$0	$110,192	$255,300

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	$33,320,575	$40,145,435	$57,702,234	$-6,824,860
2024	$31,385,571	$34,849,759	$62,481,498	$-3,464,188
2023	$31,590,647	$31,948,142	$61,398,406	$-357,495
2022	$32,237,553	$32,324,500	$60,369,090	$-86,947
2021	$29,879,888	$27,411,661	$62,865,839	$2,468,227
2020	$29,438,981	$26,688,511	$55,381,299	$2,750,470
2019	$27,530,933	$22,230,489	$50,599,184	$5,300,444
2018	$28,003,533	$29,223,041	$48,237,016	$-1,219,508

NECA IBEW 176 HEALTH & WELFARE FUND