Highmark West Virginia Inc Welfare Trust

EIN: 203482233 Mutual Benefit

Pittsburgh, PA

Total Revenue
$1,300,102
Total Expenses
$2,980,359
Total Assets
$13,136,427
Net Assets
$13,134,339
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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
2005
Legal Domicile
WV
Principal Officer
DONALD DABKOWSKI
Phone
4125446668
Tax Period
2023-01-01 to 2023-12-31

Highmark West Virginia Inc Welfare Trust, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 129% operating deficit.

Mission

See Form 990, Page 2, Part III

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $94,340
Investment Income $1,205,762
Other Revenue $0
TOTAL REVENUE $1,300,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,506
Fundraising Expenses $0
Program Expenses $2,971,853
Other Expenses $192,202
TOTAL EXPENSES $2,980,359

Year-over-Year Comparison

2023 2022 Change
Revenue $1,300,102 $1,012,060 +0.3%
Expenses $2,980,359 $3,096,683 0.0%
Net Income $-1,680,257 $-2,084,623 -0.2%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
The Bank of New York Mellon Trustee 0.0
$8,506 $0 $8,506
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 $1,300,102 $2,980,359 $13,136,427 $-1,680,257
2022 $1,012,060 $3,096,683 $14,075,674 $-2,084,623
2021 $449,147 $3,251,758 $19,842,437 $-2,802,611
2020 $525,096 $2,998,421 $20,835,555 $-2,473,325
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