GOLD MEDAL PRODUCTS CO EMPLOYEE HE… - 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

1987

Legal Domicile

Principal Officer

CRAIG HUDSON

Phone

5137697676

Tax Period

2021-01-01 to 2021-12-31

GOLD MEDAL PRODUCTS CO EMPLOYEE HEALTH BENEFIT PLAN, founded in 1987, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2021. Revenue decreased 19% compared to the prior year.

Mission

TO PROVIDE HEALTH CARE BENEFITS FOR EMPLOYEES AND DEPENDENTS OF GOLD MEDAL PRODUCTS CO.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH CARE BENEFITS FOR EMPLOYEES AND DEPENDENTS OF GOLD MEDAL PRODUCTS CO.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,634,917

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,634,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $294,020

TOTAL EXPENSES $6,131,102

Year-over-Year Comparison

	2021	2020	Change
Revenue	$5,634,917	$6,986,502	-0.2%
Expenses	$6,131,102	$6,775,647	-0.1%
Net Income	$-496,185	$210,855	-3.4%

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

$292,238

Total Directors

$1,059,377

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J ADAM BROWNING	TRUSTEE	1.0	Director	$0	$0	$397,739
DAVID A EVANS	TRUSTEE	1.0	Director	$0	$0	$369,400
CRAIG HUDSON	VP AND CFO	1.0	Officer Director	$0	$0	$292,238

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
2021	$5,634,917	$6,131,102	No data	$-496,185
2020	$6,986,502	$6,775,647	$626,686	$210,855
2019	$6,766,991	$6,981,661	$380,150	$-214,670
2018	$7,015,016	$7,159,402	$500,000	$-144,386

GOLD MEDAL PRODUCTS CO EMPLOYEE HEALTH BENEFIT PLAN