JOINT BOARD OF TRUSTEES IBEW LOCAL 252 HEALTH AND WELFARE TRUST FUND (EIN 386141764) - 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

1966

Legal Domicile

Principal Officer

MIKE COX

Phone

7346632178

Tax Period

2024-06-01 to 2025-05-31

JOINT BOARD OF TRUSTEES IBEW LOCAL 252 HEALTH AND WELFARE TRUST FUND, founded in 1966, is a mid-sized nonprofit that reported $23.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $21.4M left a modest 7% surplus.

Mission

PROVIDE HEALTH BENEFITS TO IBEW LOCAL 252 UNION MEMBERS

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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 $22,649,664

Investment Income $355,108

Other Revenue $0

TOTAL REVENUE $23,004,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,091,798

TOTAL EXPENSES $21,442,144

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,004,772	$18,194,951	+0.3%
Expenses	$21,442,144	$18,344,305	+0.2%
Net Income	$1,562,628	$-149,354	-11.5%

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

N/A

Volunteers

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
DAN CERVENAN	MANAGEMENT TRUSTEE	8.00	Director	$0	$0	$0
SCOTT DUPUIE	MANAGEMENT TRUSTEE	8.00	Director	$0	$0	$0
RYAN HUSSE	LABOR TRUSTEE (ALTERNATE)	8.00	Director	$0	$0	$0
ERIC MALEY	MANAGEMENT TRUSTEE	8.00	Director	$0	$0	$0
MATT SCHRODER	LABOR TRUSTEE	8.00	Director	$0	$0	$0
SANDRA WIITALA	LABOR TRUSTEE	8.00	Director	$0	$0	$0
MIKE COX	CHAIR	8.00	Officer 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	$23,004,772	$21,442,144	$10,513,493	$1,562,628
2024	$18,194,951	$18,344,305	$8,935,261	$-149,354
2023	$12,782,804	$14,274,092	$8,299,475	$-1,491,288
2022	$12,252,754	$14,418,078	$9,842,471	$-2,165,324
2021	$12,548,456	$14,096,042	$12,786,821	$-1,547,586
2020	$12,584,988	$13,077,090	$12,781,356	$-492,102
2019	$12,240,057	$11,935,694	$13,133,164	$304,363
2018	$13,755,390	$12,030,910	$12,809,677	$1,724,480

JOINT BOARD OF TRUSTEES IBEW LOCAL 252 HEALTH AND WELFARE TRUST FUND