NEW ORLEANS ELECTRICAL HEALTH & WELFARE PLAN (EIN 720457387) - 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

1954

Legal Domicile

Principal Officer

RODNEY WALLIS

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

NEW ORLEANS ELECTRICAL HEALTH & WELFARE PLAN, founded in 1954, is a community nonprofit in the Mutual Benefit sector that reported $9.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.4M, a strong 25% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO PLAN PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,491,904

Investment Income $1,687,237

Other Revenue $66,939

TOTAL REVENUE $9,246,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,076

Fundraising Expenses $0

Other Expenses $815,664

TOTAL EXPENSES $6,890,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,246,080	$7,746,775	+0.2%
Expenses	$6,890,276	$6,121,454	+0.1%
Net Income	$2,355,804	$1,625,321	+0.4%

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
ERNEST CORTEZ	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN FRISCHHERTZ	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM ELLIS III	TRUSTEE	2.00	Director	$0	$0	$0
SHAWN MARTINEZ	TRUSTEE	2.00	Director	$0	$0	$0
RODNEY WALLIS	CHAIRMAN	2.00	Officer 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	$9,246,080	$6,890,276	$21,884,359	$2,355,804
2022	$7,746,775	$6,121,454	$19,497,692	$1,625,321
2021	$7,735,713	$5,462,940	$19,700,145	$2,272,773
2020	$7,591,723	$5,957,614	$17,404,130	$1,634,109
2019	$9,935,360	$7,227,082	$15,784,140	$2,708,278
2018	$8,556,272	$7,292,396	$13,081,268	$1,263,876

NEW ORLEANS ELECTRICAL HEALTH & WELFARE PLAN