APAC HEALTH & WELFARE TRUST

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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

1984

Legal Domicile

Phone

7659979047

Tax Period

2021-01-01 to 2021-12-31

APAC HEALTH & WELFARE TRUST, founded in 1984, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2021. Revenue decreased 11% compared to the prior year. Expenses of $5.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

This trust was established to consolidate certain welfare benefit plans sponsored by Avis Industrial Corporation and its subsidiaries

Program Service Accomplishments

Program 1

This trust was established to consolidate certain benefit plans sponsored by Avis Industrial Corporation and its subsidiaries

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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 $4,619,510

Investment Income $34

Other Revenue $0

TOTAL REVENUE $4,619,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $287,810

TOTAL EXPENSES $5,097,741

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,619,544	$5,192,383	-0.1%
Expenses	$5,097,741	$4,955,444	+0.0%
Net Income	$-478,197	$236,939	-3.0%

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

N/A

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

$876,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Steve Ross	CFO of Trustee	Officer	$0	$0	$471,582
Angela M Darlington	VP and Secretary of Trustee	Officer	$0	$0	$330,000
John G Kuhnash	CFO of Trustee	Officer	$0	$0	$75,000

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	$4,619,544	$5,097,741	No data	$-478,197
2020	$5,192,383	$4,955,444	$478,197	$236,939