IBEW LOCAL 18 HEALTH AND WELFARE TRUST (EIN 957008736) - 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

1996

Legal Domicile

Principal Officer

GUSTAVO CORONA

Phone

2133878274

Tax Period

2022-07-01 to 2023-06-30

IBEW LOCAL 18 HEALTH AND WELFARE TRUST, founded in 1996, is a major nonprofit that reported $179.1M in total revenue in fiscal year 2022.

Mission

THE IBEW LOCAL 18 HEALTH AND WELFARE TRUST PROVIDES ONE OR MORE HEALTHCARE BENEFITS TO PARTICIPANTS WHO ARE COVERED BY THE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF LOS ANGELES, THE LOS ANGELES DEPARTMENT OF WATER AND POWER OR OTHER PUBLIC AGENCY AND LOCAL 18 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS ("IBEW LOCAL 18") OR UNDER A PARTICIPATION AGREEMENT WITH IBEW LOCAL 18.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $177,264,696

Investment Income $1,688,972

Other Revenue $118,350

TOTAL REVENUE $179,072,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $417,651

Fundraising Expenses $0

Other Expenses $1,979,734

TOTAL EXPENSES $178,322,024

Year-over-Year Comparison

	2022	2021	Change
Revenue	$179,072,018	$170,196,833	+0.1%
Expenses	$178,322,024	$163,950,510	+0.1%
Net Income	$749,994	$6,246,323	-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

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

$721,111

Total Directors

$92,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUSTAVO CORONA	BUSINESS MGR./FINANCIAL SEC'Y	1.0	Officer	$0	$89,715	$407,665
SHAWN MCCLOUD	ASSISTANT BUSINESS MANAGER	0.0	Highest	$395	$86,097	$340,489
MARTIN MARRUFO	ASSISTANT BUSINESS MANAGER	0.0	Highest	$395	$76,453	$332,813
JENNIFER HADLEY	ASSISTANT BUSINESS MANAGER	0.0	Highest	$0	$78,082	$321,565
LUIS LOZANO	BUSINESS REPRESENTATIVE	0.0	Highest	$0	$70,543	$291,851
NANCY ROMERO	BUSINESS REPRESENTATIVE	0.0	Highest	$0	$70,543	$291,654
LILLY CALVACHE	TREASURER	1.0	Officer	$395	$41,886	$177,858
KEYSHALA WAGGONER	RECORDING SECRETARY	1.0	Officer	$395	$37,048	$135,588
RAFAEL LOPEZ	PRESIDENT	1.0	Director	$3,800	$0	$28,862
MARCO JIMENEZ	TRUSTEE	1.0	Director	$3,255	$0	$14,670
LATANYA BOGIN	TRUSTEE	1.0	Director	$2,318	$0	$14,099
LAURA LEON	TRUSTEE	1.0	Director	$1,684	$0	$11,380
JENNIFER VANEGAS	TRUSTEE	1.0	Director	$0	$0	$9,545
MICHAEL CAMPBELL	TRUSTEE - PAST	1.0	Director	$0	$0	$6,596
DESLEY O'NEAL	TRUSTEE - PAST	1.0	Director	$395	$0	$6,318
GABRIEL DOYLE	TRUSTEE	1.0	Director	$0	$0	$824
MICHELE MILLER	TRUSTEE	1.0	Director	$0	$0	$651
CHARLES ALVAREZ	VICE PRESIDENT	1.0	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$179,072,018	$178,322,024	$62,776,072	$749,994
2022	$170,196,833	$163,950,510	$58,091,221	$6,246,323
2021	$167,269,320	$161,930,699	$54,226,128	$5,338,621
2020	$158,230,233	$156,902,083	$46,489,858	$1,328,150
2019	$148,013,424	$145,223,130	$43,134,549	$2,790,294
2018	$138,343,581	$136,578,029	$40,650,372	$1,765,552

IBEW LOCAL 18 HEALTH AND WELFARE TRUST