ST PAUL ELECTRICAL WORKERS WELFARE FUND (EIN 411365924) - 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

1973

Legal Domicile

Principal Officer

JAMES SCHULT

Phone

9528540795

Tax Period

2023-10-01 to 2024-09-30

ST PAUL ELECTRICAL WORKERS WELFARE FUND, founded in 1973, is a mid-sized nonprofit that reported $57.5M in total revenue in fiscal year 2023. Expenses of $53.6M left a modest 7% surplus.

Mission

PROVIDE HEALTHCARE FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,425,747

Investment Income $3,044,117

Other Revenue $38,866

TOTAL REVENUE $57,508,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,232,197

TOTAL EXPENSES $53,600,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,508,730	$53,447,775	+0.1%
Expenses	$53,600,645	$47,796,256	+0.1%
Net Income	$3,908,085	$5,651,519	-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

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

$210,335

Total Directors

$945,673

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES C SCHULT	CHAIRMAN, UNION TRUSTEE	1.00	Officer Director	$0	$0	$0
JAMIE M MCNAMARA	ALTERNATE UNION TRUSTEE	1.00	Director	$0	$58,464	$208,401
PETER B BOURLAND	ALT MGMT TRUSTEE	1.00	Director	$0	$0	$0
BRANDON P ANDERSON	UNION TRUSTEE	1.00	Director	$0	$0	$0
J T PEDERSEN	MGMT TRUSTEE	1.00	Director	$0	$0	$0
LUKE KUHL	SECRETARY, MGMT TRUSTEE	1.00	Officer Director	$0	$49,087	$210,335
NATE STEIN	MGMT TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS SUCHANEK	UNION TRUSTEE	1.00	Director	$0	$56,798	$206,277
ANDREW COLVARD	ALT MGMT TRUSTEE	1.00	Director	$0	$37,797	$133,787
LOGAN BEERE	ALT UNION TRUSTEE	1.00	Director	$0	$53,831	$186,873

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	$57,508,730	$53,600,645	$150,797,152	$3,908,085
2023	$53,447,775	$47,796,256	$134,749,360	$5,651,519
2022	$55,207,085	$45,911,244	$125,573,802	$9,295,841
2021	$56,693,219	$45,373,847	$146,847,412	$11,319,372
2020	$53,045,497	$43,756,561	$129,442,385	$9,288,936
2019	$55,248,683	$46,035,414	$101,671,686	$9,213,269
2018	$53,264,315	$41,680,658	$98,765,854	$11,583,657

ST PAUL ELECTRICAL WORKERS WELFARE FUND