Ibew Local 508 Health Plan
Pembroke Pnes, Florida
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 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $6,232,078↓1% | $4,950,196↑5% | $13,090,629↑11% | |
| 2022 | $6,292,985↑5% | $4,697,020↑23% | $11,757,519↑16% | — |
| 2021 | $5,974,429↓7% | $3,819,354↓19% | $10,140,155↑27% | — |
| 2020 | $6,395,154↑17% | $4,704,157↑65% | $7,986,584↑27% | — |
| 2019 | $5,463,614↑23% | $2,846,229↓27% | $6,282,043↑71% | — |
| 2018 | $4,448,241↑9% | $3,917,391↓13% | $3,669,445↑20% | — |
| 2017 | $4,078,321↑4% | $4,494,948↑3% | $3,049,178↓12% | — |
| 2016 | $3,918,307↓1% | $4,368,698↑11% | $3,447,061↓12% | — |
| 2015 | $3,967,028↑19% | $3,943,884↑14% | $3,904,411↑1% | — |
| 2014 | $3,338,546↓1% | $3,447,363↑7% | $3,864,950↓3% | — |
| 2013 | $3,382,086↓2% | $3,227,795↓20% | $3,969,187↑4% | — |
| 2012 | $3,441,914↓5% | $4,014,068↑34% | $3,815,330↓13% | — |
| 2011 | $3,608,042 | $2,989,026 | $4,410,033 | — |
Frequently Asked Questions
What does Ibew Local 508 Health Plan do?▼
Ibew Local 508 Health Plan is a unclassified nonprofit organization based in Florida. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Ibew Local 508 Health Plan financially healthy?▼
Based on our 9-metric Financial Health Score model, Ibew Local 508 Health Plan has a score of 70/100 (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 Ibew Local 508 Health Plan generate?▼
Ibew Local 508 Health Plan reports $6.5M in annual revenue and holds $14.7M in total assets, based on IRS filings.
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