NECA LOCAL 145 WELFARE FUND (EIN 426062181) - 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

1961

Legal Domicile

Phone

3097648080

Tax Period

2023-10-01 to 2024-09-30

NECA LOCAL 145 WELFARE FUND, founded in 1961, is a mid-sized nonprofit that reported $25.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

HEALTH & WELFARE BENEFITS

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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 $20,389,060

Investment Income $5,062,991

Other Revenue $0

TOTAL REVENUE $25,452,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,750,708

TOTAL EXPENSES $25,781,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,452,051	$22,169,168	+0.1%
Expenses	$25,781,747	$23,747,128	+0.1%
Net Income	$-329,696	$-1,577,960	-0.8%

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

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

$289,874

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF KOEHLER	TRUSTEE	3.00	Director	$0	$0	$0
TOM CIRCELLO	TRUSTEE	3.00	Director	$0	$0	$0
JEREMY ROGERS	TRUSTEE	3.00	Director	$0	$55,301	$144,605
TRENT FLETCHER	TRUSTEE	3.00	Director	$0	$55,301	$144,605
AUSTIN ROOT	TRUSTEE	3.00	Director	$0	$0	$664
KEVIN KOEHLER	TRUSTEE	3.00	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
2024	$25,452,051	$25,781,747	$56,176,197	$-329,696
2023	$22,169,168	$23,747,128	$51,239,362	$-1,577,960
2022	$21,742,151	$24,153,643	$49,195,132	$-2,411,492
2021	$20,117,182	$20,893,599	$55,049,910	$-776,417
2020	$15,669,369	$16,568,780	$46,316,961	$-899,411
2019	$18,084,042	$19,447,289	$45,466,540	$-1,363,247
2018	$17,409,306	$21,969,574	$45,687,771	$-4,560,268

NECA LOCAL 145 WELFARE FUND