BOARD OF TRUSTEES SOUTHERN ILLINOIS ELECTRICAL RETIREE WELFARE PLAN (EIN 431724421) - 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

1995

Legal Domicile

Principal Officer

DAVID CONDER

Phone

3147522330

Tax Period

2023-09-01 to 2024-08-31

BOARD OF TRUSTEES SOUTHERN ILLINOIS ELECTRICAL RETIREE WELFARE PLAN, founded in 1995, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 84% operating margin.

Mission

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 $2,602,102

Investment Income $3,622,168

Other Revenue $1,458

TOTAL REVENUE $6,225,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $99,234

TOTAL EXPENSES $1,014,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,225,728	$3,191,624	+1.0%
Expenses	$1,014,964	$955,798	+0.1%
Net Income	$5,210,764	$2,235,826	+1.3%

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	Role	Reportable Comp	Other Comp	Total
DAVID CONDER	CHAIRMAN	Officer Director	$0	$0	$0
BJ SIMMERMAN	EXITING TRUSTEE	Director	$0	$0	$0
MONTE RUSSELL	TRUSTEE	Director	$0	$0	$0
STEVE HUGHART	SECRETARY-TREASURER	Officer Director	$0	$0	$0
SHANE SULLIVAN	TRUSTEE	Director	$0	$0	$0
TATE WRIGHT	TRUSTEE	Director	$0	$0	$0
BRENT SIZEMORE	TRUSTEE	Director	$0	$0	$0
PAM ALLEN	TRUSTEE	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	$6,225,728	$1,014,964	$37,606,006	$5,210,764
2023	$3,191,624	$955,798	$31,998,663	$2,235,826
2022	$2,764,993	$928,020	$28,310,258	$1,836,973
2021	$2,423,545	$891,479	$30,906,716	$1,532,066
2020	$2,471,901	$827,473	$25,549,207	$1,644,428
2019	$5,704,252	$785,132	$21,466,669	$4,919,120
2018	$2,475,645	$749,694	$19,455,206	$1,725,951

BOARD OF TRUSTEES SOUTHERN ILLINOIS ELECTRICAL RETIREE WELFARE PLAN