U F C W UNIONS & EMPLOYERS MIDWEST HEALTH BENEFITS FUND (EIN 362440523) - 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

1960

Legal Domicile

Principal Officer

STEVE POWELL

Phone

6302886868

Tax Period

2023-12-01 to 2024-11-30

U F C W UNIONS & EMPLOYERS MIDWEST HEALTH BENEFITS FUND, founded in 1960, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2023. Expenses of $16.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE HEALTH BENEFITS

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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 $13,378,662

Investment Income $734,600

Other Revenue $0

TOTAL REVENUE $14,113,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,075,887

TOTAL EXPENSES $16,547,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,113,262	$14,083,766	+0.0%
Expenses	$16,547,906	$15,538,414	+0.1%
Net Income	$-2,434,644	$-1,454,648	+0.7%

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

$888,626

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT O'TOOLE	TRUSTEE	1.00	Director	$0	$29,085	$220,613
STEVEN M POWELL	TRUSTEE	1.00	Director	$0	$29,880	$310,684
MARIO MARIN	TRUSTEE- NEW	1.00	Director	$0	$27,865	$149,165
WILLIAM R SEEHAFER	TRUSTEE	1.00	Director	$0	$0	$0
DEREK KINNEY	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN WILLIGMAN	TRUSTEE-PAST	1.00	Director	$0	$29,006	$208,164
BRIAN JORDAN	TRUSTEE-PAST	1.00	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	$14,113,262	$16,547,906	$14,326,128	$-2,434,644
2023	$14,083,766	$15,538,414	$16,115,999	$-1,454,648
2022	$15,918,989	$14,109,322	$17,884,695	$1,809,667
2021	$19,437,847	$17,677,893	$18,908,692	$1,759,954
2020	$17,073,526	$17,890,041	$19,186,245	$-816,515
2019	$16,948,888	$22,106,569	$17,678,417	$-5,157,681
2018	$24,906,892	$26,067,175	$18,966,192	$-1,160,283

U F C W UNIONS & EMPLOYERS MIDWEST HEALTH BENEFITS FUND