SOLANO-NAPA COUNTIES ELECTRICAL WORKERS HEALTH AND WELFARE TRUST (EIN 946085742) - 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

1954

Legal Domicile

Principal Officer

HERB WATTS

Phone

9252089999

Tax Period

2024-02-01 to 2025-01-31

SOLANO-NAPA COUNTIES ELECTRICAL WORKERS HEALTH AND WELFARE TRUST, founded in 1954, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.1M in total revenue in fiscal year 2024. Expenses of $9.5M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDEDNTS IN THIS MULTIEMPLOYER PLAN.

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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 $9,638,085

Investment Income $470,191

Other Revenue $0

TOTAL REVENUE $10,108,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,134

Fundraising Expenses $0

Other Expenses $713,181

TOTAL EXPENSES $9,516,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,108,276	$10,477,441	0.0%
Expenses	$9,516,454	$9,156,950	+0.0%
Net Income	$591,822	$1,320,491	-0.6%

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

$1,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA WATTS	TRUSTEE	1.0	Director	$1,134	$0	$1,134
HERB WATTS	CO-CHAIR	10.0	Officer Director	$0	$0	$0
GREG ARMSTRONG	CO-CHAIR	1.0	Officer Director	$0	$0	$0
TIFFANY KUEHL	TRUSTEE	1.0	Director	$0	$0	$0
STACY WALLACE	TRUSTEE	1.0	Director	$0	$0	$0
SCOT VANBUSKIRK	TRUSTEE	1.0	Director	$0	$0	$0
JEREMY PECONOM	TRUSTEE	1.0	Director	$0	$0	$0
PATTI LONG	TRUSTEE	1.0	Director	$0	$0	$0
SEE SCHED O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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	$10,108,276	$9,516,454	$21,001,336	$591,822
2024	$10,477,441	$9,156,950	$20,021,594	$1,320,491
2023	$8,368,629	$7,861,475	$17,988,440	$507,154
2022	$7,742,801	$7,186,961	$18,329,081	$555,840
2021	$8,328,674	$7,373,819	$18,698,312	$954,855
2020	$9,232,056	$7,991,115	$17,819,344	$1,240,941
2019	$9,289,625	$8,466,116	$16,052,822	$823,509

SOLANO-NAPA COUNTIES ELECTRICAL WORKERS HEALTH AND WELFARE TRUST