HEALTH AND WELFARE BENEFITS TRUST FOR CERTAIN RETIRED EMPLOYEES OF KUCC (EIN 371542425) - 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

2006

Legal Domicile

Principal Officer

DAVID KINS

Phone

8669519403

Tax Period

2023-01-01 to 2023-12-31

HEALTH AND WELFARE BENEFITS TRUST FOR CERTAIN RETIRED EMPLOYEES OF KUCC, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $934K, a strong 24% operating margin.

Mission

TO PROVIDE MEDICAL & RX DRUG BENEFITS TO ELIGIBLE RETIREES OF KENNECOTT UTAH COPPER LLC AND THEIR ELIGIBLE SPOUSES AND DEPENDENTS COVERED UNDER A COLLECTIVE BARGAINING AGREEMENT

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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 $3,085,947

Investment Income $877,209

Other Revenue $0

TOTAL REVENUE $3,963,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $161,401

TOTAL EXPENSES $3,029,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,963,156	$3,096,818	+0.3%
Expenses	$3,029,393	$3,243,732	-0.1%
Net Income	$933,763	$-146,914	-7.4%

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

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
MARK GOODWIN	CO-CHAIRMAN	1.0	Director	$0	$0	$0
WAYNE HOLLAND	TRUSTEE	1.0	Director	$0	$0	$0
KATHY KARINEN	TRUSTEE	1.0	Director	$0	$0	$0
DAVID KINS	TRUSTEE	1.0	Director	$0	$0	$0
ADAM TANNER	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS YOUNGMARK	TRUSTEE	1.0	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	$3,963,156	$3,029,393	$27,860,978	$933,763
2022	$3,096,818	$3,243,732	$24,427,377	$-146,914
2021	$3,950,937	$3,342,010	$27,835,327	$608,927
2020	$4,162,583	$3,308,569	$26,291,574	$854,014
2019	$3,890,154	$3,565,531	$24,029,308	$324,623
2018	$3,794,929	$3,816,084	$21,507,206	$-21,155

HEALTH AND WELFARE BENEFITS TRUST FOR CERTAIN RETIRED EMPLOYEES OF KUCC