ALASKA ELECTRICAL HEALTH & WELFARE FUND

EIN: 926001972

ANCHORAGE, AK

Total Revenue
$83,931,905
Total Expenses
$83,254,113
Total Assets
$52,309,118
Net Assets
$16,976,689
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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
1961
Legal Domicile
AK
Principal Officer
LARRY BELL
Phone
9072761246
Tax Period
2023-01-01 to 2023-12-31

ALASKA ELECTRICAL HEALTH & WELFARE FUND, founded in 1961, is a mid-sized nonprofit that reported $83.9M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AND MAINTAIN HEALTH AND WELFARE BENEFITS

Program Service Accomplishments

Program 1

MEDICAL, DENTAL, VISION, AND PRESCRIPTION CLAIMS PAID FOR PARTICIPANT BENEFITS

Program 2

GROUP INSURANCE PREMIUMS FOR LIFE, AD&D, AND STOP LOSS COVERAGE

Program 3

INCREASE IN ESTIMATED LIABILITY FOR FUTURE BENEFITS BASED ON PARTICIPANTS ACCUMULATED ELIGIBILITY AND LIABILITY FOR CLAIMS PAYABLE AND INCURRED BUT NOT YET REPORTED

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $82,896,226
Investment Income $1,035,679
Other Revenue $0
TOTAL REVENUE $83,931,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,205,321
Fundraising Expenses $0
Other Expenses $1,054,591
TOTAL EXPENSES $83,254,113

Year-over-Year Comparison

2023 2022 Change
Revenue $83,931,905 $80,727,362 +0.0%
Expenses $83,254,113 $77,301,352 +0.1%
Net Income $677,792 $3,426,010 -0.8%
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
10
Independent Members
1
Employees
55
Volunteers
10

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
1
$266,223
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY BELL TRUSTEE 1.00
Director
$0 $0 $0
ANDREW BIDEN TRUSTEE 1.00
Director
$0 $0 $0
JESSE HALE TRUSTEE - PA 1.00
Director
$0 $0 $0
PAUL LANTZ TRUSTEE 1.00
Director
$0 $0 $0
DIEDRE WILLIAMS TRUSTEE - PA 1.00
Director
$0 $0 $0
BLAIR CHRISTENSEN TRUSTEE 1.00
Director
$0 $0 $0
ELLIOTT MARLOW TRUSTEE 1.00
Director
$0 $0 $0
VINCE BELTRAMI TRUSTEE 1.00
Director
$0 $0 $0
PAMELA CLINE TRUSTEE 1.00
Director
$0 $0 $0
MARCIE OBREMSKI TRUSTEE - PA 1.00
Director
$0 $0 $0
DIANA RUHL TRUSTEE 1.00
Director
$0 $0 $0
DOUG TANSY TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW RUMERY TRUSTEE 1.00
Director
$0 $0 $0
G ROBERT GARCIA ADMINISTRATO 21.00
Officer
$80,029 $114,250 $266,223
CATHERINE LAURIO CONTROLLER 14.00
Highest
$48,061 $122,950 $263,111
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 $83,931,905 $83,254,113 $52,309,118 $677,792
2022 $80,727,362 $77,301,352 $47,270,729 $3,426,010
2021 $77,262,763 $76,968,523 $44,499,503 $294,240
2020 $76,135,058 $69,110,817 $42,724,440 $7,024,241
2019 $77,469,762 $73,083,927 $35,763,705 $4,385,835
2018 $72,810,200 $69,534,072 $29,586,507 $3,276,128
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