MULTICON BUILDERS INC WELFARE BENE… - 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

1979

Legal Domicile

Principal Officer

ALAN FERMIER

Phone

6142412070

Tax Period

2023-01-01 to 2023-12-31

MULTICON BUILDERS INC WELFARE BENEFIT PL FKA THE EDWARDS CO EMPLOYEE BENEFIT TR, founded in 1979, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDE HEALTH, DENTAL AND PRESCRIPTION BENEFITS TO EMPLOYEES AND DEPENDENTS OF PARTICIPATING EMPLOYERS.

Program Service Accomplishments

Program 1

Expenses: $1,633,422 Revenue: $1,579,647

MEDICAL, DRUG AND DENTAL BENEFITS PROVIDED TO OVER 192 EMPLOYEES AND THEIR DEPENDENTS.

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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 $1,546,952

Investment Income $0

Other Revenue $32,695

TOTAL REVENUE $1,579,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,633,422

Other Expenses $440,519

TOTAL EXPENSES $2,073,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,579,647	$1,479,536	+0.1%
Expenses	$2,073,941	$1,516,261	+0.4%
Net Income	$-494,294	$-36,725	+12.5%

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

Governance

Voting Members

Independent Members

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	Role	Reportable Comp	Other Comp	Total
CHARLIE DRISCOLL	TRUSTEE	Director	$0	$0	$0
ALAN FERMIER	TRUSTEE	Director	$0	$0	$0
JOHN LIEBOLD	TRUSTEE	Director	$0	$0	$0
THOMAS MAGERS	TRUSTEE	Director	$0	$0	$0
KIMBERLY ULLE	TRUSTEE	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	$1,579,647	$2,073,941	$944,052	$-494,294
2022	$1,479,536	$1,516,261	$1,438,346	$-36,725
2021	$1,447,472	$1,261,582	$1,475,071	$185,890
2020	$1,143,110	$1,077,750	$1,289,181	$65,360
2019	$1,371,251	$1,370,275	$1,350,489	$976
2019	$1,337,406	$1,337,533	$1,229,821	$-127
2018	$2,365,912	$1,949,274	$1,229,948	$416,638
2018	$2,511,856	$1,899,798	$1,343,122	$612,058
2017	$2,289,602	$2,021,048	$807,310	$268,554
2016	$2,226,362	$1,847,441	$705,573	$378,921

MULTICON BUILDERS INC WELFARE BENEFIT PL FKA THE EDWARDS CO EMPLOYEE BENEFIT TR