ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND FOR NORTHERN NEVADA (EIN 886004496) - 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

1956

Legal Domicile

Principal Officer

FRAN MCDERMOTT

Phone

7758267200

Tax Period

2023-01-01 to 2023-12-31

ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND FOR NORTHERN NEVADA, founded in 1956, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $9.7M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,885,108

Investment Income $584,438

Other Revenue $0

TOTAL REVENUE $10,469,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,405,973

TOTAL EXPENSES $9,731,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,469,546	$6,460,390	+0.6%
Expenses	$9,731,433	$9,935,928	0.0%
Net Income	$738,113	$-3,475,538	-1.2%

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
JACOB HAAS	CO-CHAIRMAN	1.00	Director	$0	$0	$0
DANIEL HARKER	TRUSTEE	1.00	Director	$0	$0	$0
ASA BARTON	ALTERNATE	1.00	Director	$0	$0	$0
FRAN MCDERMOTT	CHAIRMAN	1.00	Director	$0	$0	$0
TOM POURCHOT	TRUSTEE	1.00	Director	$0	$0	$0
SHANE GLENN	TRUSTEE	1.00	Director	$0	$0	$0
JOEL BRYNE	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	No data	No data	No data	No data
2023	$10,469,546	$9,731,433	$10,400,266	$738,113
2022	$6,460,390	$9,935,928	$9,237,380	$-3,475,538
2021	$5,204,553	$10,029,101	$14,434,571	$-4,824,548
2020	$4,307,824	$7,251,717	$18,821,235	$-2,943,893
2019	$5,449,137	$7,798,474	$20,972,697	$-2,349,337
2018	$7,669,816	$7,726,141	$22,152,805	$-56,325

ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND FOR NORTHERN NEVADA