IBEW ELECTRIAL WORKERS GENERAL WELFARE FUND (EIN 362951116) - 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

1976

Legal Domicile

Principal Officer

chris teneyck

Phone

6303931701

Tax Period

2024-06-01 to 2025-05-31

IBEW ELECTRIAL WORKERS GENERAL WELFARE FUND, founded in 1976, is a mid-sized nonprofit that reported $43.3M in total revenue in fiscal year 2024.

Mission

PROVIDE HEALTH & INSURANCE BENEFITS

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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 $40,173,820

Investment Income $2,598,737

Other Revenue $525,783

TOTAL REVENUE $43,298,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,369,164

Fundraising Expenses $0

Other Expenses $2,265,864

TOTAL EXPENSES $44,778,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,298,340	$42,520,530	+0.0%
Expenses	$44,778,865	$46,305,984	0.0%
Net Income	$-1,480,525	$-3,785,454	-0.6%

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

$625,069

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY MULIZIO	TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM DREW	TRUSTEE	3.00	Director	$7,484	$5,548	$18,606
ROBERT PANATERA	TRUSTEE	3.00	Director	$1,435	$918	$7,586
ANTHONY GIUNTI	TRUSTEE	3.00	Director	$0	$120,426	$293,814
GIUSEPPE MUZZUPAPPA	TRUSTEE	3.00	Director	$0	$0	$0
FRANK GRAVINA	TRUSTEE	3.00	Director	$0	$116,126	$297,834
MICHAEL SANTIEMMO	TRUSTEE	3.00	Director	$4,248	$2,981	$7,229
BRIAN CLARK	TRUSTEE	3.00	Director	$0	$0	$0
CHRIS TENEYCK	TRUSTEE	3.00	Director	$0	$0	$0
KEVIN CONNELLY	FORMER TRUSTEE	3.00	Director	$0	$0	$0
BRIAN BENSON	ASST ADMINISTRATOR	40.00	Highest	$137,367	$88,395	$229,106
TERRY MUSTO	FUND ADMINISTRATOR	40.00	Highest	$227,327	$39,765	$267,092

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	$43,298,340	$44,778,865	$75,503,975	$-1,480,525
2024	$42,520,530	$46,305,984	$75,593,982	$-3,785,454
2023	$39,203,468	$37,658,389	$71,798,347	$1,545,079
2022	$40,331,869	$37,202,125	$73,034,373	$3,129,744
2021	$35,325,551	$34,945,668	$73,479,302	$379,883
2020	$37,403,151	$35,986,400	$64,383,999	$1,416,751
2019	$36,504,768	$34,525,027	$61,468,371	$1,979,741
2018	$36,733,912	$34,138,351	$57,990,587	$2,595,561

IBEW ELECTRIAL WORKERS GENERAL WELFARE FUND