LOCAL UNION NO 9 IBEW & OUTSIDE CONTRACTORS HEALTH & WELFARE TRUST FUND

EIN: 362261990

Tinley Park, IL

Total Revenue
$31,014,590
Total Expenses
$32,016,579
Total Assets
$255,055,289
Net Assets
$253,309,161
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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
1964
Legal Domicile
IL
Principal Officer
Art Burke
Phone
7084052084
Tax Period
2023-11-01 to 2024-10-31

LOCAL UNION NO 9 IBEW & OUTSIDE CONTRACTORS HEALTH & WELFARE TRUST FUND, founded in 1964, is a mid-sized nonprofit that reported $28.0M in total revenue in fiscal year 2017. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $7.3M, a strong 26% operating margin.

Mission

To provide health and welfare benefits to individuals working under a Collective Bargaining Agreement between IBEW Local No. 9 and the Middle States Electrical Contractors Association

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,555,692
Investment Income $2,244,142
Other Revenue $214,756
TOTAL REVENUE $31,014,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,143,135
TOTAL EXPENSES $32,016,579

Year-over-Year Comparison

2023 2022 Change
Revenue $31,014,590 $28,197,696 +0.1%
Expenses $32,016,579 $29,331,614 +0.1%
Net Income $-1,001,989 $-1,133,918 -0.1%
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

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Governance

Voting Members
10
Independent Members
5
Employees
41
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
0
$0
Total Directors
10
$1,470,491
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Turk Trustee 2.00
Director
$0 $0 $0
John C Burkard Trustee 2.00
Director
$0 $84,629 $280,477
Art Burke Trustee 2.00
Director
$0 $0 $0
Frank Lizzadro Trustee 2.00
Director
$0 $0 $0
John D Dowling Trustee 2.00
Director
$0 $84,629 $270,121
William Niesman Trustee 2.00
Director
$0 $94,746 $313,614
Kevin B Schuster Trustee 2.00
Director
$0 $84,629 $268,561
thomas mcclusky trustee 2.00
Director
$0 $152,026 $337,718
stephen aldridge trustee 2.00
Director
$0 $0 $0
john janicich trustee 2.00
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
2024 $31,014,590 $32,016,579 $255,055,289 $-1,001,989
2023 $28,197,696 $29,331,614 $223,187,688 $-1,133,918
2022 $34,269,419 $28,735,114 $213,814,236 $5,534,305
2021 $36,729,981 $25,761,405 $232,308,687 $10,968,576
2020 $38,849,511 $22,943,924 $195,730,890 $15,905,587
2019 $39,600,509 $21,215,317 $174,578,758 $18,385,192
2018 $27,970,750 $20,684,059 $152,756,703 $7,286,691
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