ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND IBEW LOCAL 234 (EIN 946250011) - 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

1971

Legal Domicile

Principal Officer

JERRI CHAMPLIN

Phone

4085883768

Tax Period

2024-06-01 to 2025-05-31

ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND IBEW LOCAL 234, founded in 1971, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $8.9M exceeded revenue, resulting in a 30% operating deficit.

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 $6,393,711

Investment Income $429,130

Other Revenue $0

TOTAL REVENUE $6,822,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,848

Fundraising Expenses $0

Other Expenses $386,552

TOTAL EXPENSES $8,895,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,822,841	$5,822,432	+0.2%
Expenses	$8,895,606	$5,758,381	+0.5%
Net Income	$-2,072,765	$64,051	-33.4%

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

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
MARK CLOUGH	TRUSTEE	1.0	Director	$0	$0	$0
JERRI CHAMPLIN	TRUSTEE	1.0	Director	$0	$0	$0
JOSE MUNOZ	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW HARTMANN	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN RATEGAN	TRUSTEE	1.0	Director	$0	$0	$0
HEATHER JEROME	TRUSTEE	1.0	Director	$0	$0	$0
PAUL GUTIERREZ	TRUSTEE (PAST)	1.0	Director	$0	$0	$0
ANDRES LAUREANO	TRUSTEE (PAST)	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	$6,822,841	$8,895,606	$12,057,134	$-2,072,765
2024	$5,822,432	$5,758,381	$13,251,687	$64,051
2023	$7,384,409	$7,552,324	$12,946,721	$-167,915
2022	$7,247,540	$7,647,983	$13,137,351	$-400,443
2021	$7,288,942	$6,766,093	$12,831,564	$522,849
2020	$6,223,938	$7,639,616	$11,424,129	$-1,415,678
2019	$6,205,673	$4,495,787	$11,581,799	$1,709,886
2018	$5,521,284	$3,920,256	$9,304,908	$1,601,028

ELECTRICAL WORKERS HEALTH AND WELFARE TRUST FUND IBEW LOCAL 234