LOCAL 52 SHORT TERM DISABILITY HEALTH & WELFARE PLAN

EIN: 237086384

MONTGOMERY, AL

Total Revenue
$4,079,660
Total Expenses
$4,574,360
Total Assets
$8,716,913
Net Assets
$8,716,913
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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
1970
Legal Domicile
AL
Principal Officer
JOHN PAUL SMITH
Phone
3342720240
Tax Period
2023-01-01 to 2023-12-31

LOCAL 52 SHORT TERM DISABILITY HEALTH & WELFARE PLAN, founded in 1970, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

COLLECTION OF FUNDS FROM EMPLOYERS AND EMPLOYEES FOR EMPLOYEE BENEFITS, PURCHASE OF INSURANCE, AND PAYMENT OF CLAIMS.

Program Service Accomplishments

Program 1

HEALTH AND DENTAL INSURANCE PREMIUMS, LIFE INSURANCE, DISABILITY CLAIMS, AND DEPENDENT LIFE CLAIMS.

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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 $3,865,215
Investment Income $208,525
Other Revenue $5,920
TOTAL REVENUE $4,079,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,519
Fundraising Expenses $0
Other Expenses $66,099
TOTAL EXPENSES $4,574,360

Year-over-Year Comparison

2023 2022 Change
Revenue $4,079,660 $4,518,252 -0.1%
Expenses $4,574,360 $4,483,738 +0.0%
Net Income $-494,700 $34,514 -15.3%
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
6
Independent Members
5
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
2
$312,175
Total Directors
6
$312,175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE EAVES TRUSTEE 1.00
Director
$0 $0 $0
SAM HEWITT TRUSTEE 1.00
Director
$0 $0 $0
MARK TAUNTON CHAIR 1.00
Director
$0 $0 $0
CHRIS HUTCHERSON VICE CHAIR 1.00
Director
$0 $0 $0
JIM THOMAS TRUSTEE/BUSINESS AGENT 1.00
Officer Director
$0 $62,005 $157,925
JOHN PAUL SMITH TRUSTEE/BUSINESS MANAGER 1.00
Officer Director
$0 $61,190 $154,250
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 $4,079,660 $4,574,360 $8,716,913 $-494,700
2022 $4,518,252 $4,483,738 $8,898,069 $34,514
2021 $4,578,415 $4,525,885 $9,234,847 $52,530
2020 $4,012,296 $4,251,579 $9,043,053 $-239,283
2019 $5,029,801 $4,249,624 $9,204,703 $780,177
2018 $4,652,008 $4,814,702 $8,310,881 $-162,694
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