IBEW - NECA HEALTH & WELFARE PLAN

EIN: 630366157

MOBILE, AL

Total Revenue
$5,476,877
Total Expenses
$5,228,675
Total Assets
$8,243,584
Net Assets
$8,227,906
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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
1959
Legal Domicile
AL
Principal Officer
ED KAHALLEY JR
Phone
2514785412
Tax Period
2023-10-01 to 2024-09-30

IBEW-NECA HEALTH & WELFARE FD, founded in 1959, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2017. The organization ran a surplus of $1.2M, a strong 26% operating margin.

Mission

BENEFITS FOR LOCAL 505 UNION MEMBERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,193,084
Investment Income $283,793
Other Revenue $0
TOTAL REVENUE $5,476,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,228,675
Other Expenses $118,924
TOTAL EXPENSES $5,228,675

Year-over-Year Comparison

2023 2022 Change
Revenue $5,476,877 $5,138,755 +0.1%
Expenses $5,228,675 $4,760,889 +0.1%
Net Income $248,202 $377,866 -0.3%
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

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Governance

Voting Members
6
Independent Members
6
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW TAYLOR TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL BAKER TRUSTEE 2.00
Director
$0 $0 $0
ANDREW VARVOUTIS TRUSTEE 2.00
Director
$0 $0 $0
RICHARD RUSSELL TRUSTEE 2.00
Director
$0 $0 $0
BRIAN FREEMAN 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 $5,476,877 $5,228,675 $8,243,584 $248,202
2023 $5,138,755 $4,760,889 $7,840,656 $377,866
2022 $4,723,685 $4,620,484 $7,418,180 $103,201
2021 $4,298,977 $3,024,753 $7,444,803 $1,274,224
2020 $4,304,202 $3,356,020 $6,209,272 $948,182
2018 $4,548,443 $3,344,261 $3,884,020 $1,204,182
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