IBEW Western Utilities Health & Welfare Trust Fund (EIN 870496328) - 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

1991

Legal Domicile

Principal Officer

Board of Trustees

Phone

9252089999

Tax Period

2024-01-01 to 2024-12-31

IBEW Western Utilities Health & Welfare Trust Fund, founded in 1991, is a mid-sized nonprofit that reported $40.4M in total revenue in fiscal year 2024. Expenses of $35.4M left a modest 13% surplus.

Mission

To provide medical, dental, and life insurance benefits to participants of the plan.

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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 $38,321,311

Investment Income $2,120,389

Other Revenue $0

TOTAL REVENUE $40,441,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,358,394

TOTAL EXPENSES $35,355,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,441,700	$39,462,138	+0.0%
Expenses	$35,355,483	$31,124,232	+0.1%
Net Income	$5,086,217	$8,337,906	-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
Travis Eri	Secretary	1.00	Officer Director	$0	$0	$0
Eric Larsen	Trustee	1.00	Director	$0	$0	$0
Kevin Owen	Trustee	1.00	Director	$0	$0	$0
Elizabeth Nielson	Trustee	1.00	Director	$0	$0	$0
Julie Lewis	Chairperson	1.00	Officer Director	$0	$0	$0
Nanette Quitt	Trustee	1.00	Director	$0	$0	$0
Brad Richards	Trustee	1.00	Director	$0	$0	$0
Curtis Mansfield	Trustee	1.00	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	$40,441,700	$35,355,483	$59,782,218	$5,086,217
2023	$39,462,138	$31,124,232	$52,552,003	$8,337,906
2022	$38,319,248	$32,065,111	$42,115,469	$6,254,137
2021	$38,712,373	$34,622,542	$43,158,941	$4,089,831
2020	$39,396,793	$34,952,031	$34,621,739	$4,444,762
2019	$40,056,024	$35,133,269	$29,023,417	$4,922,755
2018	$41,050,661	$41,540,858	$23,111,781	$-490,197

IBEW Western Utilities Health & Welfare Trust Fund