NBEA HEALTH AND WELFARE FUND

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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

1993

Legal Domicile

Principal Officer

THOMAS NICKERSON

Phone

5089844441

Tax Period

2022-07-01 to 2023-06-30

NBEA HEALTH AND WELFARE FUND, founded in 1993, is a small nonprofit that reported $910K in total revenue in fiscal year 2022.

Mission

NEW BEDFORD EDUCATORS ASSOCIATION HEALTH AND WELFARE FUND PROVIDES DENTAL INSURANCE TO ACTIVE AND RETIRED NEW BEDFORD PUBLIC SCHOOL TEACHERS THRU PRE-TAX PAYROLL WITHHOLDINGS.

Program Service Accomplishments

Program 1

Expenses: $890,804 Revenue: $910,162

PROVIDE DENTAL INSURANCE TO ALL PARTICIPATING MEMBERS. ONLY NEW BEDFORD PUBLIC SCHOOL TEACHERS, EITHER BEING ACTIVE OR RETIRED, ARE ELIGIBLE. THERE WERE 1,107 PARTICIPANTS AT FISCAL YEAR END JUNE...

PROVIDE DENTAL INSURANCE TO ALL PARTICIPATING MEMBERS. ONLY NEW BEDFORD PUBLIC SCHOOL TEACHERS, EITHER BEING ACTIVE OR RETIRED, ARE ELIGIBLE. THERE WERE 1,107 PARTICIPANTS AT FISCAL YEAR END JUNE 30,2022.

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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 $908,405

Investment Income $182

Other Revenue $1,575

TOTAL REVENUE $910,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $890,804

Other Expenses $54,783

TOTAL EXPENSES $945,587

Year-over-Year Comparison

	2022	2021	Change
Revenue	$910,162	$914,616	0.0%
Expenses	$945,587	$939,884	+0.0%
Net Income	$-35,425	$-25,268	+0.4%

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

$102,981

Total Directors

$109,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS NICKERSON	CHAIRPERSON / TRUSTEE	1.00	Officer Director	$0	$0	$102,981
KIM E PEARSON	TRUSTEE	1.00	Director	$0	$0	$1,250
FREDERICK PEARSON	TRUSTEE	1.00	Director	$0	$0	$938
JODIE AURIELO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER DONNELLY	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER GARCIA	TRUSTEE	1.00	Director	$0	$0	$4,063
JUSTIN MARE	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI TELLES	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$910,162	$945,587	$409,744	$-35,425
2022	$914,616	$939,884	$453,430	$-25,268
2021	$870,958	$895,397	$464,356	$-24,439
2020	$877,014	$887,090	$470,896	$-10,076
2019	$821,356	$834,038	$479,800	$-12,682
2018	$804,221	$816,022	$477,364	$-11,801