EIGHTH DISTRICT ELECTRICAL BENEFIT FUND (EIN 840730298) - 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

1966

Legal Domicile

Principal Officer

STEVE WOODMAN

Phone

8449892321

Tax Period

2024-01-01 to 2024-12-31

EIGHTH DISTRICT ELECTRICAL BENEFIT FUND, founded in 1966, is a major nonprofit that reported $129.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $111.8M left a modest 13% surplus.

Mission

TO PROVIDE MEDICAL, DENTAL, PRESCRIPTION, VISION, PERSONAL CARE ACCOUNTS, DISABILITY, LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS, SUBJECT TO CERTAIN ELIGIBILITY REQUIREMENTS.

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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 $125,128,070

Investment Income $3,824,499

Other Revenue $0

TOTAL REVENUE $128,952,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,402,492

TOTAL EXPENSES $111,766,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,952,569	$109,346,480	+0.2%
Expenses	$111,766,745	$104,834,430	+0.1%
Net Income	$17,185,824	$4,512,050	+2.8%

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

162

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
JAMES PETERSON	TRUSTEE	1.0	Director	$0	$0	$0
KLAAS DEBOER JR	TRUSTEE	1.0	Director	$0	$0	$0
RORY BERUMEN	TRUSTEE	1.0	Director	$0	$0	$0
PATRICK CARLSON	TRUSTEE	1.0	Director	$0	$0	$0
JERRY PAYNE	TRUSTEE	1.0	Director	$0	$0	$0
Daniel Mondragon	TRUSTEE	1.0	Director	$0	$0	$0
STEVE WOODMAN	TRUSTEE	1.0	Director	$0	$0	$0
CLAY HIRNING	TRUSTEE	1.0	Director	$0	$0	$0
JEREMY ROSS	TRUSTEE - FORMER	1.0	Director	$0	$0	$0
GEORGE BLAND	TRUSTEE	1.0	Director	$0	$0	$0
ZACHARY ESQUIBEL	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT WILSON	TRUSTEE	1.0	Director	$0	$0	$0
JEREMY WHEELER	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	$128,952,569	$111,766,745	$147,961,677	$17,185,824
2023	$109,346,480	$104,834,430	$125,696,123	$4,512,050
2022	$104,610,493	$98,644,223	$115,212,103	$5,966,270
2021	$100,887,270	$95,046,240	$118,392,460	$5,841,030
2020	$97,758,356	$88,843,327	$107,875,557	$8,915,029
2019	$93,948,603	$90,904,043	$85,081,712	$3,044,560
2018	$85,052,855	$81,885,916	$79,312,264	$3,166,939

EIGHTH DISTRICT ELECTRICAL BENEFIT FUND