HARRISON ELECTRICAL WORKERS TRUST (EIN 936023048) - 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

1953

Legal Domicile

Principal Officer

TIMOTHY GAUTHIER

Phone

5032240048

Tax Period

2024-01-01 to 2024-12-31

HARRISON ELECTRICAL WORKERS TRUST, founded in 1953, is a major nonprofit that reported $180.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $156.5M left a modest 13% surplus.

Mission

o provide health and welfare benefits to participants and their eligible dependents.

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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 $165,318,223

Investment Income $15,310,322

Other Revenue $30,833

TOTAL REVENUE $180,659,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,380,586

TOTAL EXPENSES $156,535,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,659,378	$166,715,307	+0.1%
Expenses	$156,535,406	$158,639,509	0.0%
Net Income	$24,123,972	$8,075,798	+2.0%

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
TIMOTHY GAUTHIER	TRUSTEE	5.0	Officer Director	$0	$0	$0
GARTH BACHMAN	TRUSTEE	5.0	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	$180,659,378	$156,535,406	$456,932,284	$24,123,972
2023	$166,715,307	$158,639,509	$407,670,527	$8,075,798
2022	$169,962,460	$148,681,346	$359,423,576	$21,281,114
2021	$175,936,301	$145,651,831	$391,095,863	$30,284,470
2020	$148,429,830	$130,099,972	$338,683,577	$18,329,858
2019	$147,632,483	$129,918,608	$292,814,250	$17,713,875
2018	$138,180,985	$113,504,036	$236,957,397	$24,676,949

HARRISON ELECTRICAL WORKERS TRUST