NECA-IBEW LOCAL NO 364 WELFARE TRUST FUND (EIN 411677804) - 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

1990

Legal Domicile

Principal Officer

DAVID CARGILL

Phone

8153986282

Tax Period

2023-10-01 to 2024-09-30

NECA-IBEW LOCAL NO 364 WELFARE TRUST FUND, founded in 1990, is a mid-sized nonprofit that reported $16.4M in total revenue in fiscal year 2017. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $14.8M left a modest 10% surplus.

Mission

PROVIDE BENEFITS TO ELIGIBLE 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 $28,496,281

Investment Income $1,499,135

Other Revenue $0

TOTAL REVENUE $29,995,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,110

Fundraising Expenses $0

Program Expenses $20,899,428

Other Expenses $2,370,257

TOTAL EXPENSES $20,899,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,995,416	$28,517,094	+0.1%
Expenses	$20,899,428	$18,088,509	+0.2%
Net Income	$9,095,988	$10,428,585	-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

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

$215,383

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CARGILL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN ROBINSON	SECRETARY	2.00	Officer Director	$0	$0	$0
ALAN GOLDEN	TRUSTEE	2.00	Director	$0	$82,489	$214,087
JOHN LARSON	TRUSTEE	2.00	Director	$0	$0	$0
JIM LEE	TRUSTEE	2.00	Director	$0	$0	$0
BRADLEY VOS	TRUSTEE	2.00	Director	$0	$0	$1,296

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	$29,995,416	$20,899,428	$50,581,440	$9,095,988
2023	$28,517,094	$18,088,509	$38,654,958	$10,428,585
2022	$24,556,874	$18,323,155	$26,057,381	$6,233,719
2021	$18,428,053	$16,158,643	$22,232,260	$2,269,410
2020	$12,742,041	$15,852,045	$17,004,673	$-3,110,004
2019	$14,166,462	$14,868,840	$20,804,694	$-702,378
2018	$16,380,795	$14,821,452	$21,596,432	$1,559,343

NECA-IBEW LOCAL NO 364 WELFARE TRUST FUND