INTERNATIONAL BRTHOOD OF ELECTRICAL WORKERS WELFARE FUND LOCAL 728 (EIN 596134297) - 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

1976

Legal Domicile

Principal Officer

ZAC CASSIDY

Phone

9542666322

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL BRTHOOD OF ELECTRICAL WORKERS WELFARE FUND LOCAL 728, founded in 1976, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $11.3M left a modest 8% surplus.

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 $12,191,410

Investment Income $145,937

Other Revenue $9,850

TOTAL REVENUE $12,347,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $383,001

TOTAL EXPENSES $11,316,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,347,197	$11,317,989	+0.1%
Expenses	$11,316,395	$9,144,111	+0.2%
Net Income	$1,030,802	$2,173,878	-0.5%

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

$332,603

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZAC CASSIDY	TRUSTEE - CHAIRMAN	1.00	Director	$0	$40,082	$169,427
ROGER MOORE	TRUSTEE	1.00	Director	$0	$0	$1,200
JAMES BOYLAN	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN MCINTOSH	TRUSTEE	1.00	Director	$0	$38,376	$161,976
JAMES STUBBLEFIELD	TRUSTEE	1.00	Director	$0	$0	$0
RICK SHAWBELL	TRUSTEE	1.00	Director	$0	$0	$0
JEFF MELDRIM	TRUSTEE	1.00	Director	$0	$0	$0
CURTISS MORGAN	TRUSTEE	1.00	Director	$0	$0	$0
JEFF RANDLE	TRUSTEE - NEW	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	$12,347,197	$11,316,395	$8,554,957	$1,030,802
2023	$11,317,989	$9,144,111	$7,478,150	$2,173,878
2022	$10,506,940	$10,542,549	$5,264,754	$-35,609
2021	$10,579,683	$9,160,354	$5,418,297	$1,419,329
2020	$10,705,474	$10,596,209	$4,006,423	$109,265
2019	$10,566,410	$12,202,142	$3,931,328	$-1,635,732
2018	$9,470,886	$10,159,820	$5,489,519	$-688,934

INTERNATIONAL BRTHOOD OF ELECTRICAL WORKERS WELFARE FUND LOCAL 728