INTERNATIONAL BROTHERHOOD OF ELEC WORKERS 226 HEALTH & WELFARE FUND (EIN 486125946) - 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

GARY MUCKENTHALER

Phone

7852676333

Tax Period

2022-01-01 to 2022-12-31

INTERNATIONAL BROTHERHOOD OF ELEC WORKERS 226 HEALTH & WELFARE FUND, founded in 1966, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2022. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 293% operating deficit.

Mission

TO PROVIDE PARTICIPATING UNION EMPLOYEES 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,206,728

Investment Income $-596,002

Other Revenue $91,002

TOTAL REVENUE $1,701,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,684

Fundraising Expenses $0

Other Expenses $8,123,478

TOTAL EXPENSES $6,681,589

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,701,728	$5,866,019	-0.7%
Expenses	$6,681,589	$3,501,605	+0.9%
Net Income	$-4,979,861	$2,364,414	-3.1%

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

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

$96,636

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY MUCKENTHALER	PLAN ADMINIS	16.00	Officer	$35,298	$0	$96,636
ROBERT BAUSCH	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
TOM COBLE	TRUSTEE	1.00	Director	$0	$0	$0
CHASE EBERT	ALTERNATE	1.00	Director	$0	$0	$0
GLEN HERRING	TRUSTEE	1.00	Director	$0	$0	$0
DAVE JELINEK	ALTERNATE	1.00	Director	$0	$0	$0
LUKE THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON UNDERWOOD	TRUSTEE	1.00	Director	$0	$0	$0
DYLAN WOODARD	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
2022	$1,701,728	$6,681,589	No data	$-4,979,861
2021	$5,866,019	$3,501,605	$8,207,661	$2,364,414
2020	$5,980,237	$5,166,592	$6,415,633	$813,645
2019	$6,315,449	$7,170,073	$6,490,695	$-854,624
2018	$5,225,216	$6,535,094	$6,025,204	$-1,309,878

INTERNATIONAL BROTHERHOOD OF ELEC WORKERS 226 HEALTH & WELFARE FUND