SPFPA AND PARTICIPATING EMPLOYERS … - 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

2006

Legal Domicile

Principal Officer

LARRY SAYE

Phone

5867727250

Tax Period

2024-04-01 to 2025-03-31

SPFPA AND PARTICIPATING EMPLOYERS HEALTH AND WELFARE TRUST FUND, founded in 2006, is a mid-sized nonprofit in the Mutual Benefit sector that reported $41.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $38.7M left a modest 6% surplus.

Mission

THE PROVISION, THROUGH LEVERAGING GROUP PRICING, OF HEALTH AND WELFARE BENEFITS TO MEMBERS OF THE INTERNATIONAL UNION OF SECURITY POLICE FIRE PROFESSIONALS OF AMERICA (SPFPA).

Program Service Accomplishments

Program 1

FOR THE YEAR ENDED MARCH 31,2025, THE SPFPA AND PARTICIPATING EMPLOYERS HEALTH AND WELFARE TRUST FUND PROVIDED HEALTH AND RELATED BENEFITS TO MEMBERS OF THE UNION THROUGH COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS AND PAYMENT OF INSURANCE PREMIUMS FOR SELF-INSURED AND FULLY-INSURED HEALTH AND WELFARE PLANS FOR 5,691 UNION MEMBERS AND THEIR DEPENDENTS ACROSS THE COUNTRY WHO OTHERWISE WOULD NOT HAVE HEALTH BENEFITS OR WOULD NOT HAVE THE LEVERAGE OF GROUP PRICING FOR HEALTH BENEFITS.

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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 $40,825,524

Investment Income $157,116

Other Revenue $3,000

TOTAL REVENUE $40,985,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,481,447

TOTAL EXPENSES $38,653,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,985,640	$43,568,597	-0.1%
Expenses	$38,653,499	$39,616,547	0.0%
Net Income	$2,332,141	$3,952,050	-0.4%

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

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

$186,293

Total Directors

$792,803

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HICKEY	TRUSTEE	1.25	Director	$0	$131,046	$431,451
DONALD EAGLE	Secretary	1.25	Officer Director	$0	$33,408	$186,293
RICK O'QUINN	TRUSTEE THRU 10/31/24	1.25	Director	$0	$37,638	$175,059
LARRY SAYE	Chairperson	2.0	Officer Director	$0	$0	$0
GAIL FEUSTEL	TRUSTEE	1.0	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	$40,985,640	$38,653,499	$14,798,804	$2,332,141
2024	$43,568,597	$39,616,547	$12,581,956	$3,952,050
2023	$52,095,286	$42,652,553	$9,989,046	$9,442,733
2023	$45,268,511	$41,016,989	$12,272,241	$4,251,522
2022	$52,856,795	$52,856,795	$7,444,651	No data
2021	$44,743,283	$51,208,819	$7,263,411	$-6,465,536
2020	$59,724,670	$67,037,171	$12,005,888	$-7,312,501
2019	$62,231,853	$64,665,457	$19,122,541	$-2,433,604
2018	$63,749,087	$66,231,603	$20,494,121	$-2,482,516
2017	$54,889,634	$54,265,064	$30,218,746	$624,570

SPFPA AND PARTICIPATING EMPLOYERS HEALTH AND WELFARE TRUST FUND