PROTECTIVE LIFE CORPORATION MASTER WELFARE BENEFIT TRUST (EIN 206374357) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

PAUL WELLS

Phone

2052681000

Tax Period

2023-01-01 to 2023-12-31

PROTECTIVE LIFE CORPORATION MASTER WELFARE BENEFIT TRUST, founded in 2004, is a micro nonprofit in the Mutual Benefit sector that reported $12K in total revenue in fiscal year 2018. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $263K exceeded revenue, resulting in a 2169% operating deficit.

Mission

TO PROVIDE LIFE INSURANCE BENEFITS TO PROTECTIVE LIFE CORPORATION RETIREES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $84,236

Other Revenue $0

TOTAL REVENUE $84,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $36,590

TOTAL EXPENSES $266,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,236	$24,335	+2.5%
Expenses	$266,572	$202,374	+0.3%
Net Income	$-182,336	$-178,039	+0.0%

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
PAUL WELLS	EVP, CFO OF PROTECTIVE LIFE CORP	1.00	Director	$0	$0	$0
BARBARA PUGH	SR VP AND CHIEF ACCT OFFICER OF PROT	1.00	Director	$0	$0	$0
WENDY EVESQUE	EXEC VP AND CHIEF HR OFFICER OF PROT	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	$84,236	$266,572	$3,858,526	$-182,336
2022	$24,335	$202,374	$4,033,916	$-178,039
2021	$6,897	$203,941	$4,214,428	$-197,044
2020	$7,320	$200,946	$4,410,193	$-193,626
2019	$11,454	$255,336	$4,610,045	$-243,882
2018	$11,577	$262,647	$4,853,734	$-251,070

PROTECTIVE LIFE CORPORATION MASTER WELFARE BENEFIT TRUST