WASHINGTON FARM BUREAU HEALTHCARE TRUST (EIN 202326700) - 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

2004

Legal Domicile

Principal Officer

MARK CHARLTON

Phone

5095340600

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON FARM BUREAU HEALTHCARE TRUST, founded in 2004, is a mid-sized nonprofit in the Mutual Benefit sector that reported $29.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO ADMINISTER MEDICAL, DENTAL, VISION, AND LIFE INSURANCE FOR MEMBERS OF WASHINGTON FARM BUREAU.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,784,515

Investment Income $151,937

Other Revenue $0

TOTAL REVENUE $29,936,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,956,159

TOTAL EXPENSES $29,569,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,936,452	$26,029,152	+0.2%
Expenses	$29,569,738	$25,989,004	+0.1%
Net Income	$366,714	$40,148	+8.1%

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

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
MARK CHARLTON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE COOPER	TRUSTEE	1.00	Director	$0	$0	$0
BILL WIRTH	TRUSTEE	1.00	Director	$0	$0	$0
BRAD HABERMAN	TRUSTEE	1.00	Director	$0	$0	$0
AARON GOLLADAY	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
2024	$29,936,452	$29,569,738	$6,038,059	$366,714
2023	$26,029,152	$25,989,004	$5,709,908	$40,148
2022	$26,078,959	$25,637,329	$5,561,710	$441,630
2021	$28,908,709	$27,198,281	$5,135,091	$1,710,428
2020	$25,179,359	$26,222,477	$6,063,821	$-1,043,118
2019	$24,350,518	$24,669,999	$5,736,333	$-319,481
2018	$23,347,166	$23,167,614	$5,335,087	$179,552

WASHINGTON FARM BUREAU HEALTHCARE TRUST