HOURLY ACCOUNTING TRUST WELFARE PL… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

BARRY LAUB

Phone

5166779111

Tax Period

2022-01-01 to 2022-12-31

HOURLY ACCOUNTING TRUST WELFARE PLAN C/O BARRY LAUB, founded in 1997, is a micro nonprofit that reported $140 in total revenue in fiscal year 2022. Revenue surged 4567% from the prior year, signaling strong growth momentum. Expenses of $11K exceeded revenue, resulting in a 7955% operating deficit.

Mission

EMPLOYER CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS PROVIDE WELFARE BENEFITS TO MEMBERS IN THE PLAN

Program Service Accomplishments

Program 1

Expenses: $2,303

EMPLOYER CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS PROVIDE WELFARE BENEFITS TO MEMBERS IN THE PLAN

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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 $0

Investment Income $140

Other Revenue $0

TOTAL REVENUE $140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,303

Other Expenses $8,974

TOTAL EXPENSES $11,277

Year-over-Year Comparison

	2022	2021	Change
Revenue	$140	$3	+45.7%
Expenses	$11,277	$12,454	-0.1%
Net Income	$-11,137	$-12,451	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$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
2022	$140	$11,277	No data	$-11,137
2021	$3	$12,454	$19,332	$-12,451
2020	$86,946	$477,835	$34,658	$-390,889
2019	$330,086	$158,322	$419,390	$171,764
2018	$303,440	$276,932	$249,166	$26,508

HOURLY ACCOUNTING TRUST WELFARE PLAN C/O BARRY LAUB