DAKOTAS & WESTERN MN ELECTRICAL INDUSTRY HEALTH AND WELFARE FUND (EIN 456038633) - 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

1966

Legal Domicile

Principal Officer

BOB WOLF

Phone

7012374787

Tax Period

2023-01-01 to 2023-12-31

DAKOTAS & WESTERN MN ELECTRICAL INDUSTRY HEALTH AND WELFARE FUND, founded in 1966, is a mid-sized nonprofit that reported $63.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH AND 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 $61,770,865

Investment Income $1,811,971

Other Revenue $9,383

TOTAL REVENUE $63,592,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,139,275

TOTAL EXPENSES $66,144,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,592,219	$51,109,477	+0.2%
Expenses	$66,144,964	$57,172,748	+0.2%
Net Income	$-2,552,745	$-6,063,271	-0.6%

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

143

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

$1,532,811

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BAKER	TRUSTEE	1.00	Director	$0	$37,389	$125,511
CHARLES KACHER	TRUSTEE	1.00	Director	$0	$15,497	$106,982
JASON BOWMAN	TRUSTEE - PAST	1.00	Director	$0	$10,815	$118,763
BOB WOLF	TRUSTEE	1.00	Director	$0	$27,438	$164,839
DYLAN MEYER	TRUSTEE	1.00	Director	$0	$31,803	$139,278
JEREMY DENAULT	TRUSTEE	1.00	Director	$0	$25,602	$159,557
MIKE FANNING	TRUSTEE	1.00	Director	$0	$15,216	$108,129
MIKE PLANK	TRUSTEE	1.00	Director	$0	$30,121	$138,188
THOMAS EMERSON	TRUSTEE	1.00	Director	$0	$30,875	$122,238
ROBERT JARDING	TRUSTEE	1.00	Director	$0	$0	$0
PAUL COMEAU	TRUSTEE	1.00	Director	$0	$0	$0
DUANE HAERTLING	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD CHRISTIAN	SECRETARY	1.00	Director	$0	$28,306	$208,473
BRIAN SPADER	TRUSTEE	1.00	Director	$0	$0	$0
TOM KECK	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA BOWERSOX	TRUSTEE	1.00	Director	$0	$0	$0
JACOB NYE	TRUSTEE	1.00	Director	$0	$41,418	$140,853
KYLE MCKENNA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BUNACH	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	$63,592,219	$66,144,964	$67,879,921	$-2,552,745
2022	$51,109,477	$57,172,748	$65,482,943	$-6,063,271
2021	$50,890,330	$52,522,962	$77,871,417	$-1,632,632
2020	$44,024,852	$50,530,073	$75,125,454	$-6,505,221
2019	$45,923,989	$48,008,635	$74,998,819	$-2,084,646
2018	$40,209,689	$43,209,607	$70,933,956	$-2,999,918

DAKOTAS & WESTERN MN ELECTRICAL INDUSTRY HEALTH AND WELFARE FUND