IBEW LOCAL 40 - NECA HEALTH & WELFARE TRUST FUND (EIN 954660513) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

STEPHAN DAVIS

Phone

8008867559

Tax Period

2023-10-01 to 2024-09-30

IBEW LOCAL 40 - NECA HEALTH & WELFARE TRUST FUND, founded in 1997, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $3.2M left a modest 14% surplus.

Mission

THE PLAN IS A MULTI-EMPLOYER HEALTH AND WELFARE PLAN ASSIGNED TO PROVIDE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,543,959

Investment Income $107,380

Other Revenue $0

TOTAL REVENUE $3,651,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $149,475

TOTAL EXPENSES $3,151,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,651,339	$4,116,645	-0.1%
Expenses	$3,151,510	$3,360,002	-0.1%
Net Income	$499,829	$756,643	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
PETER DIAMOND	TRUSTEE	1.0	Director	$0	$0	$0
STEPHAN DAVIS	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL RICHARDS	TRUSTEE	1.0	Director	$0	$0	$0
SEAN MCKENNA	TRUSTEE	1.0	Director	$0	$0	$0
ERIC CARTIER	TRUSTEE	1.0	Director	$0	$0	$0
TIM DIXON	TRUSTEE	1.0	Director	$0	$0	$0
JAMES WILSON	TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
JUAN RODRIGUEZ	TRUSTEE (ALTERNATE)	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	$3,651,339	$3,151,510	$7,194,560	$499,829
2023	$4,116,645	$3,360,002	$7,189,504	$756,643
2022	$3,509,521	$3,024,781	$6,354,940	$484,740
2021	$2,345,213	$1,966,612	$5,229,345	$378,601
2020	$2,311,936	$1,749,515	$4,535,023	$562,421
2019	$2,021,471	$1,387,736	$3,914,517	$633,735
2018	$1,319,136	$1,057,450	$2,913,859	$261,686

IBEW LOCAL 40 - NECA HEALTH & WELFARE TRUST FUND