MERCHANT INDUSTRY FUND GROUP INSUR… - 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

1972

Legal Domicile

Principal Officer

MICHAEL BRADY

Phone

4802895072

Tax Period

2025-04-01 to 2026-03-31

MERCHANT INDUSTRY FUND GROUP INSURANCE TRUST, founded in 1972, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year.

Mission

THE TRUST FUND SHALL BE HELD FOR THE EXCLUSIVE PURPOSE OF PROVIDING BENEFITS TO PLAN PARTICIPANTS AND THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

PROVIDE GROUP INSURANCE AND INDIVIDUAL PLAN OR PLANS AND OTHER HEALTHCARE BENEFITS FOR EMPLOYEES, RETIREES, AND MEMBERS IN CERTAIN PARTICIPATING SUBSCRIBER GROUPS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,676,635

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,676,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,976,514

TOTAL EXPENSES $9,680,658

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,676,635	$10,208,063	-0.1%
Expenses	$9,680,658	$10,091,982	0.0%
Net Income	$-4,023	$116,081	-1.0%

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

N/A

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
N/A	TRUSTEE	1.00		$0	$0	$0
MICHAEL BRADY	DIRECTOR	5.00	Officer	$0	$0	$0
CAROL L DORAN	PRESIDENT	5.00	Officer	$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
2026	$9,676,635	$9,680,658	$1,151,968	$-4,023
2025	$10,208,063	$10,091,982	$1,155,991	$116,081
2024	$10,319,773	$10,459,133	$1,039,910	$-139,360
2023	$11,671,263	$11,782,912	$1,333,056	$-111,649
2022	$12,597,082	$12,380,410	$2,016,724	$216,672
2021	$14,790,292	$13,991,292	$1,902,040	$799,000
2020	$14,540,569	$15,061,469	$513,638	$-520,900
2019	$16,708,117	$16,528,840	$1,000,657	$179,277

MERCHANT INDUSTRY FUND GROUP INSURANCE TRUST