LIMA AREA HEALTH AND WELFARE FUND (EIN 346555849) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Phone

4192482401

Tax Period

2023-01-01 to 2023-12-31

LIMA AREA HEALTH AND WELFARE FUND, founded in 1958, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $10.7M exceeded revenue, resulting in a 30% operating deficit.

Mission

THE FUND PROVIDES HEALTH, LIFE AND DISABILITY BENEFITS TO ELIGIBLE FUND PARTICIPANTS.

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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 $7,550,499

Investment Income $709,446

Other Revenue $0

TOTAL REVENUE $8,259,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $702,673

TOTAL EXPENSES $10,717,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,259,945	$6,915,095	+0.2%
Expenses	$10,717,131	$8,752,842	+0.2%
Net Income	$-2,457,186	$-1,837,747	+0.3%

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

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
SAM HALKER	TRUSTEE	1.00	Director	$0	$0	$0
GARRY TABLER	TRUSTEE / SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF ELEY	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY DEATON	TRUSTEE	1.00	Director	$0	$0	$0
BRAD WENDEL	TRUSTEE / CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE KNISLEY	TRUSTEE	1.00	Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	1.00		$1,250	$0	$1,250

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	$8,259,945	$10,717,131	$15,351,517	$-2,457,186
2022	$6,915,095	$8,752,842	$17,216,171	$-1,837,747
2021	$6,790,611	$7,298,443	$20,735,397	$-507,832
2020	$6,286,824	$6,703,618	$21,371,519	$-416,794
2019	$10,395,944	$6,682,394	$23,737,200	$3,713,550
2018	$7,402,953	$5,199,123	$16,760,505	$2,203,830

LIMA AREA HEALTH AND WELFARE FUND