ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND (EIN 886002904) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

MAX CARTER II

Phone

7024152188

Tax Period

2023-01-01 to 2023-12-31

ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND, founded in 1956, is a mid-sized nonprofit that reported $73.0M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.0M, a strong 25% operating margin.

Mission

TO PROVIDE HEALTH & WELFARE BENEFIT COVERAGE FOR PARTICIPANTS AND THEIR BENEFICIARIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,235,705

Investment Income $485,529

Other Revenue $4,293,624

TOTAL REVENUE $73,014,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,084

Fundraising Expenses $0

Other Expenses $6,789,010

TOTAL EXPENSES $55,003,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,014,858	$51,000,350	+0.4%
Expenses	$55,003,445	$52,908,095	+0.0%
Net Income	$18,011,413	$-1,907,745	-10.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
KEVIN KERBS	TRUSTEE	2.00	Director	$0	$0	$0
RAQUEL DEXTER	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD WORK	TRUSTEE	2.00	Director	$0	$0	$0
MATHEW DUSTIN	TRUSTEE	2.00	Director	$0	$0	$0
MATT LISOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
HEATHER AVILA	TRUSTEE	2.00	Director	$0	$0	$0
CANDACE MADDEN	FUND NURSE	48.00	Highest	$154,080	$51,913	$205,993

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	No data	No data	No data	No data
2023	$73,014,858	$55,003,445	$57,191,417	$18,011,413
2022	$51,000,350	$52,908,095	$36,315,629	$-1,907,745
2021	$39,541,632	$41,747,942	$30,594,533	$-2,206,310
2020	$45,505,627	$43,144,564	$31,141,874	$2,361,063
2019	$44,891,690	$38,432,237	$28,231,705	$6,459,453
2018	$34,382,257	$34,882,153	$21,528,217	$-499,896

ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND