YMutual & Membership BenefitEIN: 331118241· Ruling Year: 2007

Local No 840 I B E W Health Insurance Plan

Geneva, New York

B+Health Score
73B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 2 peers in Mutual & Membership Benefit with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.00×
Peer Median29.60×
💰
$4.2M
Total Revenue
📊
$3.1M
Total Expenses
🏦
$6.2M
Net Assets
📋
$99K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+20.7%
Year-over-year change (2022 → 2023)
Net Margin
+26.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.00
Net assets divided by total expenses
Liabilities-to-Assets
1.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,207,54521%$3,091,2835%$6,286,97423%
2022$3,485,8781%$2,939,95411%$5,104,19513%
2021$3,518,82919%$2,638,30514%$4,516,95423%
2020$2,956,2423%$2,314,8629%$3,660,36622%
2019$3,041,8908%$2,122,2501%$3,012,20444%
2018$2,817,5589%$2,111,0036%$2,085,26153%
2017$2,595,8764%$2,256,0249%$1,364,92322%
2016$2,491,61455%$2,077,1051%$1,115,99382%
2015$1,602,54911%$2,094,5724%$614,71144%
2014$1,805,27614%$2,022,86026%$1,097,45718%
2013$1,578,95011%$1,605,4823%$1,339,6124%
2012$1,419,7768%$1,554,84730%$1,393,9838%
2011$1,543,600$1,192,362$1,510,945

Frequently Asked Questions

What does Local No 840 I B E W Health Insurance Plan do?

Local No 840 I B E W Health Insurance Plan is a mutual & membership benefit nonprofit organization based in New York. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Local No 840 I B E W Health Insurance Plan financially healthy?

Based on our 9-metric Financial Health Score model, Local No 840 I B E W Health Insurance Plan has a score of 73/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Local No 840 I B E W Health Insurance Plan generate?

Local No 840 I B E W Health Insurance Plan reports $4.4M in annual revenue and holds $7.3M in total assets, based on IRS filings.

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