United Mine Workers of America Prefunded Benefit Plan

EIN: 261508254 Mutual Benefit

WASHINGTON, DC

Total Revenue
$6,040,266
Total Expenses
$9,015,232
Total Assets
$142,694,566
Net Assets
$142,088,383
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
DC
Principal Officer
MICHEAL W BUCKNER
Phone
2025212200
Tax Period
2023-01-01 to 2023-12-31

United Mine Workers of America Prefunded Benefit Plan, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 155% from the prior year, signaling strong growth momentum. Expenses of $9.0M exceeded revenue, resulting in a 49% operating deficit.

Mission

HIGH QUALITY DELIVERY OF CONTRACTUALLY MANDATED BENEFITS TO ELIGIBLE BENEFICIARIES IN THE MOST EFFICIENT AND EFFECTIVE MANNER POSSIBLE.

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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 $2,319,459
Investment Income $3,720,807
Other Revenue $0
TOTAL REVENUE $6,040,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,330,591
TOTAL EXPENSES $9,015,232

Year-over-Year Comparison

2023 2022 Change
Revenue $6,040,266 $2,364,605 +1.6%
Expenses $9,015,232 $8,505,465 +0.1%
Net Income $-2,974,966 $-6,140,860 -0.5%
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
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
4
$748,656
Total Directors
3
$319,169
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORRAINE LEWIS EXECUTIVE DIRECTOR 0.09
Officer
$0 $23,784 $428,857
ANNA AMSELLE DIR, FINANCE (EFF 06/26/2023) 0.07
Officer
$0 $9,182 $148,121
MICHEAL W BUCKNER TRUSTEE, CHAIR 0.25
Director
$0 $8,145 $132,145
DALE STOVER DIR FIN INTRM(3/4/23 - 6/5/23) 0.07
Officer
$0 $2,299 $123,453
PAUL PICCOLINI TRUSTEE 0.25
Director
$0 $12,024 $112,024
MICHAEL O MCKOWN TRUSTEE 0.25
Director
$0 $0 $75,000
SAMUEL RODRIGUEZ DIR OF FINANCE (THRU 3/3/2023) 0.07
Officer
$0 $4,549 $48,225
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 $6,040,266 $9,015,232 $142,694,566 $-2,974,966
2022 $2,364,605 $8,505,465 $138,237,565 $-6,140,860
2021 $11,288,065 $9,045,058 $160,345,805 $2,243,007
2020 $5,427,048 $8,857,028 $154,838,479 $-3,429,980
2019 $5,131,184 $9,113,515 $147,213,584 $-3,982,331
2018 $10,621,962 $9,003,393 $136,675,644 $1,618,569
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