IBEWNECA SOUND AND COMMUNICATIONS HEALTH AND WELFARE PLAN (EIN 770234638) - 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

1989

Legal Domicile

Principal Officer

DOUG LUNG

Phone

4082884400

Tax Period

2024-01-01 to 2024-12-31

IBEWNECA SOUND AND COMMUNICATIONS HEALTH AND WELFARE PLAN, founded in 1989, is a mid-sized nonprofit that reported $88.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $76.4M left a modest 13% surplus.

Mission

A HEALTH AND WELFARE PLAN TO PROVIDE BENEFITS TO ELIGIBLE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $78,635,142

Investment Income $9,657,632

Other Revenue $12,215

TOTAL REVENUE $88,304,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,016,815

TOTAL EXPENSES $76,401,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,304,989	$71,049,125	+0.2%
Expenses	$76,401,944	$75,667,725	+0.0%
Net Income	$11,903,045	$-4,618,600	-3.6%

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

N/A

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

$433,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAVIER CASILLAS	LABOR TRUSTEE	1.0	Director	$0	$132,312	$433,245
DOUG LUNG	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
HERB WATTS	LABOR TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM KUHR	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
CHUCK VELLA	LABOR TRUSTEE	1.0	Director	$0	$0	$0
SHANE STOLTENBERG	MANAGEMENT TRUSTEE	1.0	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	$88,304,989	$76,401,944	$89,154,437	$11,903,045
2023	$71,049,125	$75,667,725	$77,985,735	$-4,618,600
2022	$69,033,979	$64,768,708	$75,616,407	$4,265,271
2021	$69,280,417	$71,382,406	$87,357,845	$-2,101,989
2020	$66,790,964	$65,211,718	$80,989,294	$1,579,246
2019	$76,908,516	$73,333,090	$81,783,171	$3,575,426
2018	$64,592,290	$61,209,292	$69,676,038	$3,382,998

IBEWNECA SOUND AND COMMUNICATIONS HEALTH AND WELFARE PLAN