Civic Intelligence

Electrical Workers Health and Welfare

EIN 94-6085740 • 501(c)9 • Pleasanton, CA

Profile

To provide health benefits to participants on whose behalf employers contribute in accordance with their collective bargaining agreement.

7180 Koll Center Pkwy Ste 200Pleasanton, CA 94566

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.23x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

0.36x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2025

Net Margin

23rd percentile

-3.4%

Higher net margin than 23% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

87th percentile

$323,487

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)9 • $50M-$100M nonprofits • Source year 2025

Asset Growth

27th percentile

-0.3%

Faster asset growth than 27% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

3.4%

Faster revenue growth than 34% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Down

$76,483,857

Down $260,456 (-0.3%) from 2024

Liabilities

Up

$17,212,552

Up $949,409 (+5.8%) from 2024

Net Assets

Down

$59,271,305

Down $1,209,865 (-2.0%) from 2024

Revenue

Up

$47,221,038

Up $1,543,522 (+3.4%) from 2024

Expenses

Up

$48,846,315

Up $5,937,924 (+14%) from 2024

Net Income

Down

-$1,625,277

Down $4,394,402 (-159%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $20,719,833Liabilities 2011: $8,318,728Net Assets 2011: $12,401,1052011Assets 2012: $22,185,977Liabilities 2012: $9,112,586Net Assets 2012: $13,073,3912012Assets 2013: $28,196,288Liabilities 2013: $11,486,966Net Assets 2013: $16,709,3222013Assets 2014: $30,680,792Liabilities 2014: $11,632,839Net Assets 2014: $19,047,9532014Assets 2015: $31,239,575Liabilities 2015: $11,198,363Net Assets 2015: $20,041,2122015Assets 2016: $34,841,390Liabilities 2016: $12,847,909Net Assets 2016: $21,993,4812016Assets 2017: $40,977,688Liabilities 2017: $13,873,862Net Assets 2017: $27,103,8262017Assets 2018: $49,211,547Liabilities 2018: $14,555,113Net Assets 2018: $34,656,4342018Assets 2019: $54,806,386Liabilities 2019: $15,676,973Net Assets 2019: $39,129,4132019Assets 2020: $64,630,931Liabilities 2020: $18,717,508Net Assets 2020: $45,913,4232020Assets 2021: $67,733,753Liabilities 2021: $16,935,526Net Assets 2021: $50,798,2272021Assets 2022: $71,350,255Liabilities 2022: $17,500,788Net Assets 2022: $53,849,4672022Assets 2023: $74,774,734Liabilities 2023: $18,090,511Net Assets 2023: $56,684,2232023Assets 2024: $76,744,313Liabilities 2024: $16,263,143Net Assets 2024: $60,481,1702024Assets 2025: $76,483,857Liabilities 2025: $17,212,552Net Assets 2025: $59,271,3052025

Highlighted filing

2025

Assets$76,483,857
Liabilities$17,212,552
Net Assets$59,271,305

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $29,624,3042011Expenses 2012: $29,232,1732012Expenses 2013: $34,187,8512013Revenue 2014: $33,496,275Expenses 2014: $31,703,431Net Income 2014: $1,792,8442014Revenue 2015: $32,330,597Expenses 2015: $31,382,557Net Income 2015: $948,0402015Revenue 2016: $37,150,101Expenses 2016: $34,539,194Net Income 2016: $2,610,9072016Revenue 2017: $38,364,851Expenses 2017: $33,887,398Net Income 2017: $4,477,4532017Revenue 2018: $42,816,904Expenses 2018: $34,644,786Net Income 2018: $8,172,1182018Revenue 2019: $44,853,835Expenses 2019: $40,175,456Net Income 2019: $4,678,3792019Revenue 2020: $49,470,338Expenses 2020: $43,550,510Net Income 2020: $5,919,8282020Revenue 2021: $44,810,619Expenses 2021: $40,637,822Net Income 2021: $4,172,7972021Revenue 2022: $47,574,922Expenses 2022: $41,882,060Net Income 2022: $5,692,8622022Revenue 2023: $46,404,305Expenses 2023: $41,931,773Net Income 2023: $4,472,5322023Revenue 2024: $45,677,516Expenses 2024: $42,908,391Net Income 2024: $2,769,1252024Revenue 2025: $47,221,038Expenses 2025: $48,846,315Net Income 2025: -$1,625,2772025

Highlighted filing

2025

Revenue$47,221,038
Expenses$48,846,315
Net Income-$1,625,277

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$76.5$17.2$59.3$47.2$48.8$1.63
2024Detailed filing. Detailed filing data is available for this year.$76.7$16.3$60.5$45.7$42.9$2.77
2023Detailed filing. Detailed filing data is available for this year.$74.8$18.1$56.7$46.4$41.9$4.47
2022Detailed filing. Detailed filing data is available for this year.$71.4$17.5$53.8$47.6$41.9$5.69
2021Detailed filing. Detailed filing data is available for this year.$67.7$16.9$50.8$44.8$40.6$4.17
2020Detailed filing. Detailed filing data is available for this year.$64.6$18.7$45.9$49.5$43.6$5.92
2019Detailed filing. Detailed filing data is available for this year.$54.8$15.7$39.1$44.9$40.2$4.68
2018Detailed filing. Detailed filing data is available for this year.$49.2$14.6$34.7$42.8$34.6$8.17
2017Detailed filing. Detailed filing data is available for this year.$41.0$13.9$27.1$38.4$33.9$4.48
2016Detailed filing. Detailed filing data is available for this year.$34.8$12.8$22.0$37.2$34.5$2.61
2015Detailed filing. Detailed filing data is available for this year.$31.2$11.2$20.0$32.3$31.4$0.95
2014Detailed filing. Detailed filing data is available for this year.$30.7$11.6$19.0$33.5$31.7$1.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$11.5$16.7$34.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$9.11$13.1$29.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$8.32$12.4$29.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Feb 1, 2024 to Jan 31, 2025
Signed
Dec 3, 2025
Return Version
2024v5.2
Gross Receipts
$82,148,022
Mission and Program Overview

Mission

To provide health benefits to participants on whose behalf employers contribute in accordance with their collective bargaining agreement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$60,481,170$59,271,305▼ $1,209,865
Investments in Publicly Traded Securities$51,838,468$56,737,202▲ $4,898,734
Savings and Temporary Cash Investments$7,327,729$5,126,846▼ $2,200,883
Investments Other Securities$5,729,566$5,090,187▼ $639,379
Accounts Receivable$4,707,443$4,865,996▲ $158,553
Cash and Non-Interest-Bearing Accounts$7,119,428$4,643,077▼ $2,476,351
Prepaid Expenses and Deferred Charges$21,679$20,549▼ $1,130
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$76,744,313$76,483,857▼ $260,456
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$16,133,991$17,195,877▲ $1,061,886
Accounts Payable and Accrued Expenses$129,152$16,675▼ $112,477
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$16,263,143$17,212,552▲ $949,409
Net Assets / Fund Balance
Total Net Assets Fund Balance$60,481,170$59,271,305▼ $1,209,865
Total Liabilities and Net Assets / Fund Balance$76,744,313$76,483,857▼ $260,456

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,090,187--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Dustin BakerLabor Trustee$29,145$29,145
John AguileraLabor Trustee$18,840$18,840

Board Members and Trustees

NameTitle
Gorgina HalaufiaLabor Trustee
Greg BonatoLabor Trustee
Jason GumataotaoLabor Trustee
Chuck NunezManagement Trustee
Greg ArmstrongManagement Trustee
Michael BoehmerManagement Trustee
Scot VanbuskirkManagement Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Benesys AdministratorsAdministration7180 KOLL CENTER PKWY STE 200, Pleasanton, CA 94566$1,081,744
Baysport INCWellness Program14830 LOS GATOS BLVD STE 101, Los Gatos, CA 95032$156,871
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$45,361,567
Investment Income
$1,859,471
Other Revenue
$0
Change in Net Assets
$-1,625,277

Audited Revenue Reconciliation

Revenue per Audited Statements
$47,027,308
Revenue Not Reported on Financial Statements
$193,730
Revenue Not Reported on Form 990
$415,412
Total Revenue per Audited Statements
$47,442,720
Total Revenue per Form 990
$47,221,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,803,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$47,042,499
Fees for Services Management---$1,103,769
Fees for Service Investment Mgmnt Fees---$193,730
Fees for Services Other---$85,911
Office Expenses---$58,790
Fees for Services Accounting---$52,515
Fees for Services Legal---$43,496
Other Expenses---$42,292
Insurance---$26,206
Conferences and Meetings---$11,531
Occupancy---$2,760
Total Functional Expenses$0$0$0$48,846,315

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$48,846,315
Expenses per Audited Statements$47,590,699
Total Expenses per Audited Statements$47,590,699
Expenses Not Reported on Financial Statements$1,255,616
Other Expense Adjustments$1,061,886
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$17,195,877
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION A - LINE 8B:

The plan does not have any committees with authority to act on behalf of the governing body.

PART VI, SECTION B - LINE 11B:

The plan's cpa prepares the form 990 and presents it to the 3rd party administrator for review, who then gives it to the co-chairs for their review and signature. The completed form 990 is available to all trustees upon request.

PART VI, SECTION B - LINES 12C, 13 AND 14:

THE TRUSTEES FORMALLY ADOPTED THE CONFLICT OF INTEREST, DOCUMENT RETENTION AND WHISTLEBLOWER POLICIES ON FEBRUARY 19, 2010. At least once annually, trustees and other individuals subject to the conflict of interest policy will be asked to disclose any relationships or interests that could give rise to a conflict.

PART VI, SECTION C - LINE 19:

The plan makes its governing documents and financial statements available to participants upon request. On an annual basis, a form 5500 annual return/report of employee benefit plan is filed with the department of labor. This report is available on their website.

Filing and Contact Details

Filer

Filer Name
Electrical Workers Health and Welfare
EIN
94-6085740
In Care Of
% BENESYS ADMINISTRATORS
Phone
9252089999
Address
7180 KOLL CENTER PKWY STE 200, PLEASANTON, CA 94566

Signing Officer

Name
Greg Bonato
Title
trustee
Phone
9252089999
Signed
2025-12-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Armstrong
Formed
1955
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
595 MARKET ST STE 920, SAN FRANCISCO, CA 94105-2814
Preparer
Macgregor Waite
Phone
4159563600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part xii, line 4b: change in benefit obligations $1,061,886.

Raw XML AppendixShowing 400 of 714 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/CostOfGoodsSoldAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN A TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAX AUTHORITY. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B: CHANGE IN BENEFIT OBLIGATIONS $1,061,886.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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