SPFPA AND PARTICIPATING EMPLOYERS HEALTH AND WELFARE TRUST FUND

EIN: 208987948 Mutual Benefit

ROSEVILLE, MI

Total Revenue
$40,985,640
Total Expenses
$38,653,499
Total Assets
$14,798,804
Net Assets
$8,907,131
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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
MI
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).

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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 (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

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$186,293
Total Directors
5
$792,803
Key Employees
0
$0
Highest Compensated
0
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 $45,268,511 $41,016,989 $12,272,241 $4,251,522
2023 $52,095,286 $42,652,553 $9,989,046 $9,442,733
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
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