BOARD OF TRUSTEES OF IBEW LOCAL 1 HEALTH & WELFARE FUND (EIN 430678755) - 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

1952

Legal Domicile

Principal Officer

FRANK JACOBS

Phone

3147522330

Tax Period

2023-01-01 to 2023-12-31

BOARD OF TRUSTEES OF IBEW LOCAL 1 HEALTH & WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $75.3M in total revenue in fiscal year 2023. Expenses of $83.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE EMPLOYEE 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 $74,573,139

Investment Income $-280,667

Other Revenue $1,044,469

TOTAL REVENUE $75,336,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,843

Fundraising Expenses $0

Other Expenses $3,506,876

TOTAL EXPENSES $83,854,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,336,941	$78,691,794	0.0%
Expenses	$83,854,372	$76,039,093	+0.1%
Net Income	$-8,517,431	$2,652,701	-4.2%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK JACOBS	CHAIRMAN	1.00	Director	$0	$0	$0
ROBERT DUSSOLD	TRUSTEE	1.00	Officer Director	$0	$0	$0
DAVE ROTH	TRUSTEE	1.00	Officer Director	$0	$0	$0
KYLE MCKENNA	SECRETARY-TREASURER	1.00	Director	$0	$0	$0
JOE BARNARD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GRALIKE	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
2024	No data	No data	No data	No data
2023	$75,336,941	$83,854,372	$186,861,201	$-8,517,431
2022	$78,691,794	$76,039,093	$181,913,682	$2,652,701
2021	$78,117,481	$69,725,420	$208,799,729	$8,392,061
2020	$74,410,435	$66,684,231	$204,207,081	$7,726,204
2019	$75,144,865	$68,817,455	$193,994,250	$6,327,410
2018	$66,553,913	$66,958,192	$169,840,535	$-404,279

BOARD OF TRUSTEES OF IBEW LOCAL 1 HEALTH & WELFARE FUND