ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND FOR CONTRA COSTA COUNTY (EIN 946085741) - 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

Principal Officer

JOSEPH REED

Phone

9253723222

Tax Period

2024-07-01 to 2025-06-30

ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND FOR CONTRA COSTA COUNTY is a mid-sized nonprofit that reported $25.2M in total revenue in fiscal year 2024. Expenses of $29.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDING HEALTH INSURANCE FOR ELECTRICIANS WORKING IN CONTRA COUNTY, CALIRONIA.

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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 $24,554,078

Investment Income $537,388

Other Revenue $125,690

TOTAL REVENUE $25,217,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $598,385

TOTAL EXPENSES $29,592,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,217,156	$26,536,406	0.0%
Expenses	$29,592,860	$23,922,140	+0.2%
Net Income	$-4,375,704	$2,614,266	-2.7%

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

$231,007

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Hansen	Chairman	1.0	Director	$0	$28,080	$231,007
Joe Buhowsky III	Trustee	1.0	Director	$0	$0	$0
Jim Foley	Trustee	1.0	Director	$0	$0	$0
JOSEPH REED	CO-CHAIRMAN	1.0	Director	$0	$0	$0
RICK HENRY	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	$25,217,156	$29,592,860	$26,536,202	$-4,375,704
2023	$26,536,406	$23,922,140	$25,166,689	$2,614,266
2022	$21,133,595	$21,010,189	$19,972,841	$123,406
2021	$19,415,425	$22,134,387	$22,040,595	$-2,718,962
2020	$18,182,473	$22,123,128	$22,875,729	$-3,940,655
2019	$21,695,518	$22,117,168	$25,514,647	$-421,650
2018	$22,570,836	$22,091,334	$24,926,335	$479,502

ELECTRICAL WORKERS HEALTH & WELFARE TRUST FUND FOR CONTRA COSTA COUNTY