ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND (EIN 946085740) - 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

1955

Legal Domicile

Principal Officer

GREG ARMSTRONG

Phone

9252089999

Tax Period

2024-02-01 to 2025-01-31

ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND, founded in 1955, is a mid-sized nonprofit that reported $47.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH BENEFITS TO PARTICIPANTS ON WHOSE BEHALF EMPLOYERS CONTRIBUTE IN ACCORDANCE WITH THEIR COLLECTIVE BARGAINING AGREEMENT.

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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 $45,361,567

Investment Income $1,859,471

Other Revenue $0

TOTAL REVENUE $47,221,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,803,816

TOTAL EXPENSES $48,846,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,221,038	$45,677,516	+0.0%
Expenses	$48,846,315	$42,908,391	+0.1%
Net Income	$-1,625,277	$2,769,125	-1.6%

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

$958,723

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG BONATO	LABOR TRUSTEE	1.0	Director	$0	$91,132	$323,487
JASON GUMATAOTAO	LABOR TRUSTEE	1.0	Director	$0	$91,132	$293,651
GORGINA HALAUFIA	LABOR TRUSTEE	1.0	Director	$0	$91,132	$293,600
DUSTIN BAKER	LABOR TRUSTEE	1.0	Director	$0	$10,077	$29,145
JOHN AGUILERA	LABOR TRUSTEE	1.0	Director	$0	$6,659	$18,840
GREG ARMSTRONG	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL BOEHMER	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
CHUCK NUNEZ	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
SCOT VANBUSKIRK	MANAGEMENT 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
2025	$47,221,038	$48,846,315	$76,483,857	$-1,625,277
2024	$45,677,516	$42,908,391	$76,744,313	$2,769,125
2023	$46,404,305	$41,931,773	$74,774,734	$4,472,532
2022	$47,574,922	$41,882,060	$71,350,255	$5,692,862
2021	$44,810,619	$40,637,822	$67,733,753	$4,172,797
2020	$49,470,338	$43,550,510	$64,630,931	$5,919,828
2019	$44,853,835	$40,175,456	$54,806,386	$4,678,379

ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND