MODERN DROP FORGE CO EMPLOYEE WELFARE TRUST (EIN 363148055) - 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

1993

Legal Domicile

Principal Officer

LOREN KEMP

Phone

7083881806

Tax Period

2023-01-01 to 2023-12-31

MODERN DROP FORGE CO EMPLOYEE WELFARE TRUST, founded in 1993, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

PROVIDES HEALTH BENEFITS (MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL, PRESCRIPTION, AND DENTAL), LIFE INSURANCE COVERAGE, LONG-TERM DISABILITY BENEFITS, AND SHORT-TERM DISABILITY BENEFITS TO FULL-TIME EMPLOYEES OF MODERN DROP FORGE COMPANY, LLC 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,620,227

Investment Income $468

Other Revenue $0

TOTAL REVENUE $7,620,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $674,731

TOTAL EXPENSES $7,732,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,620,695	$5,765,887	+0.3%
Expenses	$7,732,158	$5,982,112	+0.3%
Net Income	$-111,463	$-216,225	-0.5%

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
GREGORY J HEIM	TRUSTEE	1.00	Director	$0	$0	$0
LOREN KEMP	TRUSTEE	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	No data	No data	No data	No data
2023	$7,620,695	$7,732,158	$1,193,506	$-111,463
2022	$5,765,887	$5,982,112	$1,111,132	$-216,225
2021	$6,543,667	$6,696,482	$1,657,917	$-152,815
2020	$6,712,123	$6,855,350	$1,865,312	$-143,227
2019	$7,273,168	$7,137,818	$1,723,688	$135,350
2018	$7,992,868	$7,803,928	$1,305,790	$188,940

MODERN DROP FORGE CO EMPLOYEE WELFARE TRUST