TIDEWATER ELECTRICAL INDUSTRY HEALTH FUND (EIN 546052370) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

EG MIDDLETON III

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

TIDEWATER ELECTRICAL INDUSTRY HEALTH FUND, founded in 1962, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 11% surplus.

Mission

THE PROVISION OF BENEFITS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,204,678

Investment Income $239,994

Other Revenue $456,889

TOTAL REVENUE $5,901,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,685

Fundraising Expenses $0

Other Expenses $786,232

TOTAL EXPENSES $6,141,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,901,561	$5,497,653	+0.1%
Expenses	$6,141,492	$5,356,712	+0.1%
Net Income	$-239,931	$140,941	-2.7%

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

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
SCOTT BLANKENBURG	TRUSTEE	2.00	Director	$0	$0	$0
W DENNIS FLOYD	SECRETARY	2.00	Officer Director	$0	$0	$0
EG MIDDLETON III	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROBERT M MANN JR	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	No data	No data	No data	No data
2023	$5,901,561	$6,141,492	$5,059,888	$-239,931
2022	$5,497,653	$5,356,712	$4,773,240	$140,941
2021	$5,767,937	$4,281,095	$4,594,901	$1,486,842
2020	$4,468,194	$5,289,023	$3,277,940	$-820,829
2019	$4,487,564	$4,600,393	$3,862,675	$-112,829
2018	$4,023,805	$3,575,899	$3,533,195	$447,906

TIDEWATER ELECTRICAL INDUSTRY HEALTH FUND