NECA-IBEW WELFARE TRUST FUND

EIN: 370738564

DECATUR, IL

Total Revenue
$264,424,670
Total Expenses
$245,116,553
Total Assets
$373,096,157
Net Assets
$368,481,168
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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
1955
Legal Domicile
IL
Principal Officer
KEVIN COPE
Phone
2178750254
Tax Period
2024-07-01 to 2025-06-30

NECA-IBEW WELFARE TRUST FUND, founded in 1955, is a major nonprofit that reported $162.9M in total revenue in fiscal year 2017.

Mission

TO PROVIDE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $252,180,188
Investment Income $10,897,017
Other Revenue $1,347,465
TOTAL REVENUE $264,424,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,856,642
TOTAL EXPENSES $245,116,553

Year-over-Year Comparison

2024 2023 Change
Revenue $264,424,670 $241,145,158 +0.1%
Expenses $245,116,553 $226,005,128 +0.1%
Net Income $19,308,117 $15,140,030 +0.3%
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
38
Independent Members
N/A
Employees
N/A
Volunteers
38

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
38
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN ANDERSEN UNION TRUSTEE 1.00
Director
$0 $0 $0
JIM CLARIDA UNION TRUSTEE 1.00
Director
$0 $0 $0
MATT DEFEW UNION TRUSTEE 1.00
Director
$0 $0 $0
JIM FELLOWS UNION TRUSTEE 1.00
Director
$0 $0 $0
AARON GOODRUM UNION TRUSTEE 1.00
Director
$0 $0 $0
RYAN HAYDEN UNION TRUSTEE 1.00
Director
$0 $0 $0
KRISTOFER HOWARD UNION TRUSTEE 1.00
Director
$0 $0 $0
STEVE HUGHART UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN JACOBS UNION TRUSTEE 1.00
Director
$0 $0 $0
DAVID LEHMAN UNION TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN MARTIN UNION TRUSTEE 1.00
Director
$0 $0 $0
RYAN MCROBERTS UNION TRUSTEE 1.00
Director
$0 $0 $0
DARRELL MILLER UNION TRUSTEE 1.00
Director
$0 $0 $0
JEREMIE PEARSON UNION TRUSTEE 1.00
Director
$0 $0 $0
MIKE RAIKES UNION TRUSTEE 1.00
Director
$0 $0 $0
CHRIS SIMPSON UNION TRUSTEE 1.00
Director
$0 $0 $0
TIM SPROUD UNION TRUSTEE 1.00
Director
$0 $0 $0
DAVID WELLS UNION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL YOUNG UNION TRUSTEE 1.00
Director
$0 $0 $0
PAUL ARTIS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
RANDY CASSDDY EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
CHARLES CROW EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MIKE ELLETT EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
KURTIS FREDERICK EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
RODNEY FREY EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM FRICKE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
CHUD FUELLGRAF EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
TOM GRAY EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
SCOTT HARTIG EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JON HUSTON EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
BETH IDING EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW LAFREE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MARK LAUGHERY UNION TRUSTEE 1.00
Director
$0 $0 $0
JEFF LINKENHELT EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM MEYER EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
GREG PEYTON EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
BILLY SERBOUSEK EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JEREMY WILCOX EMPLOYER 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 $264,424,670 $245,116,553 $373,096,157 $19,308,117
2024 No data No data No data No data
2023 $192,452,896 $200,218,178 $316,277,324 $-7,765,282
2022 $204,637,992 $193,850,633 $314,833,150 $10,787,359
2021 $170,894,089 $165,866,175 $345,142,588 $5,027,914
2020 $169,134,496 $166,467,946 $297,703,349 $2,666,550
2019 $159,116,249 $156,321,219 $291,895,171 $2,795,030
2018 $162,860,488 $160,503,723 $272,207,052 $2,356,765
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