LOCAL UNION 903 IBEW HEALTH & WELFARE PLAN (EIN 646034436) - 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

1966

Legal Domicile

Principal Officer

ED KAHALLEY

Phone

2514785412

Tax Period

2023-12-01 to 2024-11-30

LOCAL UNION 903 IBEW HEALTH & WELFARE PLAN, founded in 1966, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2017. Expenses of $2.6M left a modest 11% surplus.

Mission

BENEFITS FOR PARTICIPANTS

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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 $4,835,516

Investment Income $174,326

Other Revenue $0

TOTAL REVENUE $5,009,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,614,313

Other Expenses $115,424

TOTAL EXPENSES $4,614,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,009,842	$4,526,963	+0.1%
Expenses	$4,614,313	$4,695,771	0.0%
Net Income	$395,529	$-168,808	-3.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN NORTHROP	TRUSTEE	3.00	Director	$0	$0	$0
DONNIE DOLEAC	VICE-CHAIR	3.00	Director	$0	$0	$0
CHRISTOPHER FLOWERS	CHAIR	3.00	Director	$0	$0	$0
DONNIE PETERSON	TRUSTEE	3.00	Director	$0	$0	$0
LUKE NEWMAN	TRUSTEE	3.00	Director	$0	$0	$0
ANDREW VARVOUTIS	TRUSTEE	3.00	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	$5,009,842	$4,614,313	$4,795,580	$395,529
2023	$4,526,963	$4,695,771	$4,394,109	$-168,808
2022	$4,369,915	$4,269,777	$4,568,083	$100,138
2021	$5,074,170	$3,130,428	$4,467,211	$1,943,742
2020	$3,366,085	$3,626,479	$2,540,119	$-260,394
2018	$2,964,222	$2,630,005	$3,340,700	$334,217

LOCAL UNION 903 IBEW HEALTH & WELFARE PLAN