THE WAGMAN INC EMPLOYEE WELFARE BE… - 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

1991

Legal Domicile

Principal Officer

JOHN R COPPAGE IV

Phone

7177648521

Tax Period

2023-01-01 to 2023-12-31

THE WAGMAN INC EMPLOYEE WELFARE BENEFIT TRUST, founded in 1991, is a community nonprofit in the Mutual Benefit sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS TO THE EMPLOYEES OF WAGMAN, INC., WAGMAN CONSTRUCTION, INC., AND WAGMAN HEAVY CIVIL, INC.

Program Service Accomplishments

Program 1

THE SOLE PURPOSE OF THIS TRUST IS TO PROVIDE HEALTH AND OTHER BENEFITS TO THE EMPLOYEES OF WAGMAN, INC., WAGMAN CONSTRUCTION, INC., AND WAGMAN HEAVY CIVIL, INC. AT THE BEGINNING OF 2023 THE TRUST HAD...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,671,890

Investment Income $18,006

Other Revenue $0

TOTAL REVENUE $4,689,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $159,076

TOTAL EXPENSES $5,637,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,689,896	$4,242,564	+0.1%
Expenses	$5,637,052	$4,419,754	+0.3%
Net Income	$-947,156	$-177,190	+4.3%

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

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
JOHN R COPPAGE IV	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL B GLEZER	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$4,689,896	$5,637,052	$680,228	$-947,156
2022	$4,242,564	$4,419,754	$1,522,922	$-177,190
2021	$4,326,660	$4,609,160	$1,808,401	$-282,500
2020	$4,258,861	$4,697,372	$2,039,516	$-438,511
2019	$4,921,624	$4,582,257	$2,355,413	$339,367
2018	$5,928,504	$4,450,659	$2,071,569	$1,477,845

THE WAGMAN INC EMPLOYEE WELFARE BENEFIT TRUST