IBEW LOCAL 613 AND CONTRIBUTING EMPLOYERS RETIREE HEALTH FUND (EIN 463415861) - 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

2013

Legal Domicile

Principal Officer

KEVIN SWANSON

Phone

6787050200

Tax Period

2024-01-01 to 2024-12-31

IBEW LOCAL 613 AND CONTRIBUTING EMPLOYERS RETIREE HEALTH FUND, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $426K, a strong 16% operating margin.

Mission

PROVIDE HEALTH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,577,104

Investment Income $118,035

Other Revenue $0

TOTAL REVENUE $2,695,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $178,229

TOTAL EXPENSES $2,268,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,695,139	$1,156,947	+1.3%
Expenses	$2,268,644	$2,054,904	+0.1%
Net Income	$426,495	$-897,957	-1.5%

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

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

$347,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNY MULLINS	TRUSTEE	2.00	Director	$0	$40,733	$176,510
KEVIN SWANSON	TRUSTEE	2.00	Director	$0	$36,205	$156,890
TYLER FOLDS	TRUSTEE	2.00	Director	$0	$3,288	$14,248
CHRIS REICHART	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS FOSTER	TRUSTEE	2.00	Director	$0	$0	$0
HAROLD DANFORTH	TRUSTEE	2.00	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	$2,695,139	$2,268,644	$3,662,543	$426,495
2023	$1,156,947	$2,054,904	$3,231,028	$-897,957
2022	$373,415	$1,810,065	$4,106,801	$-1,436,650
2021	$220,272	$1,627,673	$5,564,608	$-1,407,401
2020	$382,764	$1,682,445	$6,976,263	$-1,299,681
2019	$431,324	$1,565,349	$8,273,274	$-1,134,025
2018	$2,121,488	$1,357,038	$9,409,725	$764,450

IBEW LOCAL 613 AND CONTRIBUTING EMPLOYERS RETIREE HEALTH FUND