IBEW LOCAL NO 150 WELFARE FUND

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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

1956

Legal Domicile

Phone

8774784542

Tax Period

2022-07-01 to 2023-06-30

IBEW LOCAL NO 150 WELFARE FUND, founded in 1956, is a mid-sized nonprofit that reported $20.3M in total revenue in fiscal year 2022. Expenses of $18.7M left a modest 8% surplus.

Mission

To provide health benefits for participating members and their families

Program Service Accomplishments

Program 1

The purpose of the Plan is to provide health and welfare benefits to members and dependents of IBEW Local 150.

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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 $19,164,149

Investment Income $902,645

Other Revenue $249,986

TOTAL REVENUE $20,316,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,629

Fundraising Expenses $0

Other Expenses $789,978

TOTAL EXPENSES $18,664,438

Year-over-Year Comparison

	2022	2021	Change
Revenue	$20,316,780	$19,036,575	+0.1%
Expenses	$18,664,438	$19,029,525	0.0%
Net Income	$1,652,342	$7,050	+233.4%

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

$207,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Arnone	Trustee	3.00	Director	$0	$0	$0
Christopher Schulz	Trustee	3.00	Director	$0	$0	$0
Jeffrey Harger	Trustee	3.00	Director	$0	$0	$0
Jeffrey Schwingbeck	Trustee	3.00	Director	$0	$0	$4,547
Lizabeth Karson	Trustee	3.00	Director	$0	$0	$0
Robert Bodeman	Former Trustee	3.00	Director	$0	$0	$0
Steve Smart	Trustee	3.00	Director	$0	$69,522	$202,511

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$20,316,780	$18,664,438	$42,503,716	$1,652,342
2022	$19,036,575	$19,029,525	$37,972,918	$7,050
2021	$19,067,344	$21,211,697	$44,912,479	$-2,144,353
2020	$21,198,272	$18,732,204	$38,661,258	$2,466,068
2019	$20,952,487	$19,725,477	$41,528,712	$1,227,010
2018	$20,359,524	$20,458,037	$41,106,782	$-98,513