SACRAMENTO AREA ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND (EIN 942773477) - 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

1981

Legal Domicile

Principal Officer

FRAN MCDERMOTT

Phone

5014334422

Tax Period

2023-01-01 to 2023-12-31

SACRAMENTO AREA ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND, founded in 1981, is a mid-sized nonprofit that reported $28.4M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $26.6M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS ACCORDING TO THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE EMPLOYERS AND THE UNION.

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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 $27,143,766

Investment Income $1,275,551

Other Revenue $0

TOTAL REVENUE $28,419,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $795,273

TOTAL EXPENSES $26,635,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,419,317	$21,671,637	+0.3%
Expenses	$26,635,821	$22,414,307	+0.2%
Net Income	$1,783,496	$-742,670	-3.4%

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

N/A

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
CLIFF FRANKLIN	TRUSTEE	1.0	Director	$0	$0	$0
FRAN MCDERMOTT	TRUSTEE	1.0	Director	$0	$0	$0
FRANK SCHETTER	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS GRIFFITH	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL FRANKLIN	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT WARD	TRUSTEE	1.0	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	$28,419,317	$26,635,821	$61,449,362	$1,783,496
2022	$21,671,637	$22,414,307	$53,827,314	$-742,670
2021	$22,788,192	$20,437,237	$57,082,795	$2,350,955
2020	$25,485,394	$21,720,697	$53,910,510	$3,764,697
2019	$21,128,825	$20,105,531	$47,258,392	$1,023,294
2018	$17,021,001	$16,016,675	$42,719,589	$1,004,326

SACRAMENTO AREA ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND