INDIANHEAD NECA - IBEW LOCAL 14 WELFARE FUND (EIN 396107561) - 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

1933

Legal Domicile

Principal Officer

JON CHERMACK

Phone

7158784068

Tax Period

2024-05-01 to 2025-04-30

INDIANHEAD NECA - IBEW LOCAL 14 WELFARE FUND, founded in 1933, is a small nonprofit that reported $732K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $285K, a strong 39% operating margin.

Mission

TO PROVIDE SUPPLEMENTAL HEALTH AND WELFARE BENEFITS TO ITS RETIRED 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 $639,574

Investment Income $92,558

Other Revenue $0

TOTAL REVENUE $732,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,570

TOTAL EXPENSES $447,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$732,132	$617,315	+0.2%
Expenses	$447,570	$362,716	+0.2%
Net Income	$284,562	$254,599	+0.1%

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

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
DANIEL CURRAN	UNION TRUSTE	1.00	Director	$0	$0	$0
BRENT MCILQUHAM	UNION TRUSTE	1.00	Director	$0	$0	$0
THOMAS BOWE	UNION TRUSTE	1.00	Director	$0	$0	$0
JON CHERMACK	UNION TRUSTE	1.00	Director	$0	$0	$0
AL BLAHA	EMPLOYER TRU	1.00	Director	$0	$0	$0
MIKE BERGH	EMPLOYER TRU	1.00	Director	$0	$0	$0
KEVIN BLAHA	EMPLOYER TRU	1.00	Director	$0	$0	$0
DARREN JOHNSON	EMPLOYER TRU	1.00	Director	$0	$0	$0
JACKIE STATZ	EMPLOYER TRU	1.00	Director	$0	$0	$0
JOHN GERLACH	EMPLOYER TRU	1.00	Director	$0	$0	$0
DANIEL GUNDERSON	UN TRUSTEE A	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	$732,132	$447,570	$1,877,240	$284,562
2024	$617,315	$362,716	$1,585,052	$254,599
2023	$400,801	$390,577	$1,315,403	$10,224
2022	$422,946	$376,762	$1,224,873	$46,184
2021	$411,131	$313,413	$1,264,613	$97,718
2020	$389,873	$289,660	$1,127,843	$100,213
2019	$372,493	$243,523	$1,052,097	$128,970

INDIANHEAD NECA - IBEW LOCAL 14 WELFARE FUND