LOCAL 309 ELECTRICAL HEALTH AND WELFARE FUND (EIN 376039515) - 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

1952

Legal Domicile

Principal Officer

MATTHEW EICHHOLZ

Phone

6183442002

Tax Period

2023-01-01 to 2023-12-31

LOCAL 309 ELECTRICAL HEALTH AND WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $25.2M represent 25 months of operating reserves.

Mission

PROVIDE HEALTH AND WELFARE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,491,075

Investment Income $412,670

Other Revenue $161,677

TOTAL REVENUE $12,065,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,220

Fundraising Expenses $0

Other Expenses $402,853

TOTAL EXPENSES $12,436,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,065,422	$10,690,163	+0.1%
Expenses	$12,436,275	$12,629,568	0.0%
Net Income	$-370,853	$-1,939,405	-0.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HANKINS	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW EICHHOLZ	TRUSTEE	1.00	Director	$0	$0	$0
LUKE GLAESER	TRUSTEE	1.00	Director	$0	$0	$0
TOM O'HARA	TRUSTEE	1.00	Director	$0	$0	$0
BILLY SERBOUSEK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL STUART	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
2024	No data	No data	No data	No data
2023	$12,065,422	$12,436,275	$25,494,635	$-370,853
2022	$10,690,163	$12,629,568	$23,842,725	$-1,939,405
2021	$11,536,662	$10,710,150	$29,501,305	$826,512
2020	$11,172,856	$10,270,471	$28,578,986	$902,385
2020	$11,177,372	$10,344,040	$28,509,933	$833,332
2019	$11,041,059	$12,176,949	$26,078,601	$-1,135,890
2019	$10,876,231	$12,517,255	$25,561,302	$-1,641,024
2018	$9,237,220	$11,275,723	$24,515,448	$-2,038,503

LOCAL 309 ELECTRICAL HEALTH AND WELFARE FUND