WESTERN REGIONAL EMPLOYEE WELFARE BENEFITS TRUST (EIN 356967427) - 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

2012

Legal Domicile

Principal Officer

JEFFREY R REED

Phone

2095219771

Tax Period

2023-01-01 to 2023-12-31

WESTERN REGIONAL EMPLOYEE WELFARE BENEFITS TRUST, founded in 2012, is a community nonprofit in the Mutual Benefit sector that reported $7.4M in total revenue in fiscal year 2023. Expenses of $7.1M left a modest 3% surplus.

Mission

PROVIDE HEALTH, DISABILITY AND LIFE INSURANCE BENEFITS TO EMPLOYEES AND FAMILY MEMBERS.

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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 $7,376,605

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,376,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $600,244

TOTAL EXPENSES $7,142,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,376,605	$7,403,817	0.0%
Expenses	$7,142,164	$7,114,625	+0.0%
Net Income	$234,441	$289,192	-0.2%

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

$560,375

Total Directors

$1,364,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY REED	CHAIRMAN	1.00	Officer Director	$0	$43,537	$560,375
CASEY RAZMA	DIRECTOR	1.00	Director	$0	$49,485	$465,970
MARGARET REED	DIRECTOR	1.00	Director	$0	$32,475	$337,842

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	$7,376,605	$7,142,164	$2,015,920	$234,441
2022	$7,403,817	$7,114,625	$1,781,479	$289,192
2021	$6,516,060	$6,595,959	$1,486,325	$-79,899
2020	$5,850,916	$5,913,197	$1,525,351	$-62,281
2019	$5,172,980	$5,214,230	$1,554,505	$-41,250
2018	$4,465,153	$4,394,846	$1,354,194	$70,307

WESTERN REGIONAL EMPLOYEE WELFARE BENEFITS TRUST