ELECTRICAL WORKERS HEALTH & WELFAR… - 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

1952

Legal Domicile

Principal Officer

DAN HENDRICKSON

Phone

2187284231

Tax Period

2024-01-01 to 2024-12-31

ELECTRICAL WORKERS HEALTH & WELFARE FUND C/O WILSON-MCSHANE CORPORATION, founded in 1952, is a mid-sized nonprofit in the Mutual Benefit sector that reported $22.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS

Program Service Accomplishments

Program 1

TO PROVIDE MEDICAL, PRESCRIPTION DRUG, DENTAL, DISABILITY, VISION AND VACATION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR 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 $21,617,849

Investment Income $1,109,139

Other Revenue $30,779

TOTAL REVENUE $22,757,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $419,276

TOTAL EXPENSES $24,543,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,757,767	$22,790,040	0.0%
Expenses	$24,543,183	$25,626,328	0.0%
Net Income	$-1,785,416	$-2,836,288	-0.4%

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

$612,483

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK OSBAKKEN	TRUSTEE	1.00	Director	$0	$0	$0
DAN HENDRICKSON	TRUSTEE	1.00	Director	$0	$79,691	$229,797
DON SMITH	TRUSTEE	1.00	Director	$0	$88,226	$254,407
DAVE DOMAGALA	TRUSTEE	1.00	Director	$0	$0	$0
CAREY YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HART	TRUSTEE	1.00	Director	$0	$0	$0
SAMANTHA DUGAN	TRUSTEE - PAST	1.00	Director	$0	$0	$104,739
DAVE HORVATH	TRUSTEE	1.00	Director	$0	$0	$0
DERRICK ATKINS	TRUSTEE	1.00	Director	$0	$0	$23,540

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	$22,757,767	$24,543,183	$22,746,099	$-1,785,416
2023	$22,790,040	$25,626,328	$24,320,151	$-2,836,288
2022	$25,299,489	$23,567,283	$26,375,529	$1,732,206
2021	$24,491,701	$18,465,280	$27,423,421	$6,026,421
2020	$15,738,609	$16,851,468	$21,128,053	$-1,112,859
2019	$17,168,174	$17,369,538	$21,377,309	$-201,364
2018	$16,133,603	$15,871,270	$20,271,502	$262,333

ELECTRICAL WORKERS HEALTH & WELFARE FUND C/O WILSON-MCSHANE CORPORATION