ST PAUL ELECTRICAL WORKERS WELFARE… - Form 990 Financial Data

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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

BRANDON ANDERSON

Phone

9528540795

Tax Period

2024-10-01 to 2025-09-30

ST PAUL ELECTRICAL WORKERS WELFARE FUND, founded in 1973, is a mid-sized nonprofit that reported $72.2M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.9M, a strong 26% operating margin.

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE AND MAINTAIN GROUP LIFE, GROUP ACCIDENT, AND HEALTH INSURANCE, INCLUDING GROUP HOSPITALIZATION, MEDICAL AND SURGICAL BENEFITS OR ANY OTHER BENEFITS AS DETERMINED BY THE TRUSTEES FOR THE...

TO PROVIDE AND MAINTAIN GROUP LIFE, GROUP ACCIDENT, AND HEALTH INSURANCE, INCLUDING GROUP HOSPITALIZATION, MEDICAL AND SURGICAL BENEFITS OR ANY OTHER BENEFITS AS DETERMINED BY THE TRUSTEES FOR THE BENEFIT OF 3,403 PARTICIPANTS AND THEIR BENEFICIARIES.

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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 $65,832,682

Investment Income $6,345,687

Other Revenue $7,378

TOTAL REVENUE $72,185,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,191,921

TOTAL EXPENSES $53,246,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,185,747	$57,508,730	+0.3%
Expenses	$53,246,698	$53,600,645	0.0%
Net Income	$18,939,049	$3,908,085	+3.8%

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

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

$279,277

Total Directors

$970,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES C SCHULT	UNION TRUSTEE	1.00	Director	$0	$0	$0
JAMIE M MCNAMARA	ALTERNATE UNION TRUSTEE	1.00	Director	$0	$58,888	$202,056
PETER B BOURLAND	ALT MGMT TRUSTEE	1.00	Director	$0	$0	$0
BRANDON P ANDERSON	CHAIRMAN, UNION TRUSTEE	1.00	Officer 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	$0	$279,277
NATE STEIN	MGMT TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS SUCHANEK	UNION TRUSTEE	1.00	Director	$0	$65,512	$235,815
MIKE ESTEP	ALT MGMT TRUSTEE	1.00	Director	$0	$3,068	$49,066
LOGAN BEERE	ALT UNION TRUSTEE	1.00	Director	$0	$59,258	$203,808
RON SOMERVILLE	ALT MGMT 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	$72,185,747	$53,246,698	$175,643,621	$18,939,049
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