Kern County Electrical Workers Health and Welfare Trust (EIN 956053542) - 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

1952

Legal Domicile

Principal Officer

BRIAN HOLT

Phone

6613259471

Tax Period

2024-01-01 to 2024-12-31

Kern County Electrical Workers Health and Welfare Trust, founded in 1952, is a mid-sized nonprofit that reported $19.6M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $16.8M left a modest 14% surplus.

Mission

To provide Health, Dental, Life, and AD&D for plan participants.

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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 $18,923,420

Investment Income $721,544

Other Revenue $0

TOTAL REVENUE $19,644,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,275

Fundraising Expenses $0

Other Expenses $296,312

TOTAL EXPENSES $16,812,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,644,964	$14,682,153	+0.3%
Expenses	$16,812,050	$12,446,377	+0.4%
Net Income	$2,832,914	$2,235,776	+0.3%

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

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
CODY BROOKS	TRUSTEE	1.0	Director	$0	$0	$0
JACK BELLOWS	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD CURTIS	TRUSTEE	1.0	Director	$0	$0	$0
BRIAN HOLT	TRUSTEE	1.0	Director	$0	$0	$0
DAVE THOMAS	TRUSTEE	1.0	Director	$0	$0	$0
JACOB ELROD	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
2024	$19,644,964	$16,812,050	$30,782,168	$2,832,914
2023	$14,682,153	$12,446,377	$25,966,658	$2,235,776
2022	$15,654,386	$11,870,943	$22,257,864	$3,783,443
2021	$11,750,300	$10,353,949	$20,101,084	$1,396,351
2020	$10,405,147	$9,566,188	$17,977,791	$838,959
2019	$10,969,124	$9,821,264	$16,289,134	$1,147,860
2018	$9,126,021	$8,506,688	$14,551,130	$619,333

Kern County Electrical Workers Health and Welfare Trust