Intl Brotherhood of Electrical Workers 640 AZ Chapter Health & Welfare (EIN 866052414) - 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

1963

Legal Domicile

Principal Officer

Amy Ortiz

Phone

6022002483

Tax Period

2024-01-01 to 2024-12-31

Intl Brotherhood of Electrical Workers 640 AZ Chapter Health & Welfare, founded in 1963, is a mid-sized nonprofit that reported $53.3M in total revenue in fiscal year 2024. The organization ran a surplus of $17.9M, a strong 34% operating margin.

Mission

To provide health & welfare benefits to eligible members and dependents of union members working for signatory employers in the electrical construction industry.

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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 $50,599,344

Investment Income $2,646,826

Other Revenue $10,000

TOTAL REVENUE $53,256,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,132,449

TOTAL EXPENSES $35,333,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,256,170	$49,357,052	+0.1%
Expenses	$35,333,903	$28,451,706	+0.2%
Net Income	$17,922,267	$20,905,346	-0.1%

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 Anderson	Trustee	1.00	Director	$0	$0	$0
John Gannon	Trustee	1.00	Director	$0	$0	$0
Amy Ortiz	Trustee	1.00	Officer Director	$0	$0	$0
Larry Howard	Co-Chair	1.00	Officer Director	$0	$0	$0
Debra Margraf	Trustee	1.00	Director	$0	$0	$0
James Crutchfield	Trustee	1.00	Director	$0	$0	$0
Dennis Anthony	Trustee	1.00	Director	$0	$0	$0
Benjamin Solem	Chairman	1.00	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	$53,256,170	$35,333,903	$84,291,480	$17,922,267
2023	$49,357,052	$28,451,706	$61,615,899	$20,905,346
2022	$33,560,607	$20,712,598	$35,183,361	$12,848,009
2021	$24,606,449	$22,634,086	$25,093,179	$1,972,363
2020	$20,522,856	$18,943,924	$20,210,907	$1,578,932

Intl Brotherhood of Electrical Workers 640 AZ Chapter Health & Welfare