AG PROCESSING INC WELFARE BENEFITS FUND

EIN: 363981457

OMAHA, NE

Total Revenue
$7,726,461
Total Expenses
$7,845,013
Total Assets
$229,852
Net Assets
$229,852
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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
NE
Principal Officer
CHRIS SCHAFFER
Phone
4024967809
Tax Period
2023-01-01 to 2023-12-31

AG PROCESSING INC WELFARE BENEFITS FUND, founded in 1993, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2023.

Mission

THE TRUST WAS ESTABLISHED TO PROVIDE FOR THE PAYMENT OF DEATH, DISABILITY, AD&D, DEPENDENT CARE AND MEDICAL BENEFITS, AND SUCH OTHER BENEFITS DESIGNED TO ENHANCE THE HEALTH AND WELFARE OF EMPLOYEES AND THEIR DEPENDENTS OF AG PROCESSING INC 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,713,769
Investment Income $12,692
Other Revenue $0
TOTAL REVENUE $7,726,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $603,427
TOTAL EXPENSES $7,845,013

Year-over-Year Comparison

2023 2022 Change
Revenue $7,726,461 $7,735,566 0.0%
Expenses $7,845,013 $7,919,547 0.0%
Net Income $-118,552 $-183,981 -0.4%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW BENDLER TRUSTEE 1.00
Director
$0 $0 $0
KYLE DROESCHER TRUSTEE 1.00
Director
$0 $0 $0
CHRIS SCHAFFER 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 $7,726,461 $7,845,013 $229,852 $-118,552
2022 $7,735,566 $7,919,547 $348,404 $-183,981
2021 $8,388,903 $8,470,294 $532,385 $-81,391
2020 $10,454,139 $10,485,887 $613,776 $-31,748
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