International Brotherhood of Electrical Workers Welfare Fund-17 (EIN 956064203) - 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

1953

Legal Domicile

Principal Officer

DANNY BENJAMIN

Phone

6266461081

Tax Period

2023-11-01 to 2024-10-31

International Brotherhood of Electrical Workers Welfare Fund-17, founded in 1953, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2023. Expenses of $6.9M left a modest 6% surplus.

Mission

TO PROVIDE GROUP HEALTH AND WELFARE BENEFITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,219,193

Investment Income $103,158

Other Revenue $0

TOTAL REVENUE $7,322,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $179,181

TOTAL EXPENSES $6,906,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,322,351	$6,956,238	+0.1%
Expenses	$6,906,175	$6,741,917	+0.0%
Net Income	$416,176	$214,321	+0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN COLE	TRUSTEE	1.0	Director	$0	$0	$0
NICK MCGEE	TRUSTEE	1.0	Director	$0	$0	$0
DANNY BENJAMIN	CHAIRMAN	1.0	Director	$0	$0	$0
AMALIA ARROYO	CO-CHAIRPERSON	1.0	Director	$0	$0	$0
Norman Briggs	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	$7,322,351	$6,906,175	$4,173,248	$416,176
2023	$6,956,238	$6,741,917	$3,643,037	$214,321
2022	$5,930,069	$5,643,421	$3,312,603	$286,648
2021	$5,357,319	$5,300,663	$3,182,494	$56,656
2020	$5,800,836	$5,522,174	$3,227,297	$278,662
2019	$6,160,048	$5,923,399	$2,923,938	$236,649
2018	$6,008,261	$5,818,423	$2,624,134	$189,838

International Brotherhood of Electrical Workers Welfare Fund-17