UNITED ASSOCIATION EMPLOYERS GROUP INSURANCE FUND 13 (EIN 160766976) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Principal Officer

STEVE OSTRANDER

Phone

5853382310

Tax Period

2023-01-01 to 2023-12-31

UNITED ASSOCIATION EMPLOYERS GROUP INSURANCE FUND 13, founded in 1952, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Net assets of $62.2M represent 52 months of operating reserves.

Mission

TO PROVIDE MEDICAL & LIFE INSURANCE BENEFITS TO MEMBERS OF LOCAL 13

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,056,768

Investment Income $886,572

Other Revenue $394,698

TOTAL REVENUE $14,338,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $411,463

Fundraising Expenses $0

Other Expenses $775,651

TOTAL EXPENSES $14,608,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,338,038	$13,917,154	+0.0%
Expenses	$14,608,745	$13,002,014	+0.1%
Net Income	$-270,707	$915,140	-1.3%

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

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

$150,276

Total Directors

$4,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN COLEMAN	UNION TRUSTEE	1.00	Director	$1,898	$0	$1,898
WILLIAM HITCHCOCK JR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SEAN O'BRIEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GAVIN BROWNLIE JR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN DINEEN JR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
NATE BURDICK	UNION TRUSTEE	1.00	Director	$2,571	$0	$2,571
JOHN R CARPENTER	UNION TRUSTEE	1.00	Director	$0	$0	$0
TIME MEEHAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
STEVE OSTRANDER	BENEFITS ADMINISTRATOR	40.00	Officer	$90,899	$59,377	$150,276

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
2024	No data	No data	No data	No data
2023	$14,338,038	$14,608,745	$63,430,418	$-270,707
2022	$13,917,154	$13,002,014	$57,703,281	$915,140
2021	$18,497,076	$12,042,748	$66,173,232	$6,454,328
2020	$17,586,938	$10,891,589	$60,757,396	$6,695,349

UNITED ASSOCIATION EMPLOYERS GROUP INSURANCE FUND 13