ELECTRICAL WORKERS LOCAL 369 BENEF… - Form 990 Financial Data

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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

RICKY GEORGE JR

Phone

5026352611

Tax Period

2022-07-01 to 2023-06-30

ELECTRICAL WORKERS LOCAL 369 BENEFIT FUND, founded in 1976, is a mid-sized nonprofit that reported $40.4M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.9M, a strong 17% operating margin.

Mission

PROVISION OF HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

EMPLOYEE BENEFIT PLAN PROVIDING BENEFITS FOR DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, MEDICAL CARE, PRESCRIPTION DRUG, HEARING, AND WEEKLY DISABILITY FOR MEMBERS AND RETIREES OF IBEW 369, THEIR...

EMPLOYEE BENEFIT PLAN PROVIDING BENEFITS FOR DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, MEDICAL CARE, PRESCRIPTION DRUG, HEARING, AND WEEKLY DISABILITY FOR MEMBERS AND RETIREES OF IBEW 369, THEIR DEPENDENTS AND RELATED EMPLOYEES.

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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 $40,214,863

Investment Income $116,064

Other Revenue $117,607

TOTAL REVENUE $40,448,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $632,940

Fundraising Expenses $0

Other Expenses $787,278

TOTAL EXPENSES $33,507,665

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,448,534	$35,483,096	+0.1%
Expenses	$33,507,665	$32,925,528	+0.0%
Net Income	$6,940,869	$2,557,568	+1.7%

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

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
MATTHEW LONGWORTH	TRUSTEE	1.00	Director	$0	$0	$0
RICKY GEORGE JR	TRUSTEE	1.00	Director	$0	$0	$0
LARRY WENDLER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GROSS	TRUSTEE	1.00	Director	$0	$0	$0
JOSH QUINN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE PETERS	TRUSTEE	1.00	Director	$0	$0	$0
ED DEVINE IV	TRUSTEE	1.00	Director	$0	$0	$0
HAYNES PERRY IV	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$40,448,534	$33,507,665	$88,412,699	$6,940,869
2022	$35,483,096	$32,925,528	$79,151,989	$2,557,568
2021	$32,623,875	$28,958,353	$85,406,133	$3,665,522
2020	$30,645,354	$28,927,128	$77,935,208	$1,718,226
2019	$30,543,202	$28,948,599	$74,446,075	$1,594,603
2018	$32,384,276	$26,171,969	$70,579,505	$6,212,307

ELECTRICAL WORKERS LOCAL 369 BENEFIT FUND