EIGHTH DISTRICT ELECTRICAL BENEFIT FUND

EIN: 840730298

LAS VEGAS, NV

Total Revenue
$128,952,569
Total Expenses
$111,766,745
Total Assets
$147,961,677
Net Assets
$100,473,440
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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
UT
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.

Program Service Accomplishments

Program 1

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%)

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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

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Governance

Voting Members
12
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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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