MEIJER WORKERS COMPENSATION BENEFIT TRUST (EIN 382489215) - 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

1984

Legal Domicile

Principal Officer

JAMIE LARSON

Phone

6164536711

Tax Period

2024-02-04 to 2025-02-01

MEIJER WORKERS COMPENSATION BENEFIT TRUST, founded in 1984, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $7.3M exceeded revenue, resulting in a 39% operating deficit.

Mission

PROVIDE WORKERS COMPENSATION 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,500,000

Investment Income $731,991

Other Revenue $0

TOTAL REVENUE $5,231,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,262,012

Other Expenses $18,466

TOTAL EXPENSES $7,280,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,231,991	$7,443,976	-0.3%
Expenses	$7,280,478	$7,455,668	0.0%
Net Income	$-2,048,487	$-11,692	+174.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY BRUMMEL	TRUSTEE	0.50	Director	$0	$0	$0
MICHELLE HALL	TRUSTEE	0.50	Director	$0	$0	$0
BRAD FREIBURGER	TRUSTEE	0.50	Director	$0	$0	$0
JAMIE LARSON	CHIEF TAX OFFICER	0.50	Officer	$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
2025	$5,231,991	$7,280,478	$14,539,082	$-2,048,487
2024	$7,443,976	$7,455,668	$16,015,736	$-11,692
2023	$6,038,681	$6,854,115	$15,410,066	$-815,434
2022	$1,850,360	$6,220,813	$17,494,605	$-4,370,453
2021	$1,140,504	$4,276,664	$23,150,090	$-3,136,160
2020	$1,120,696	$6,721,677	$25,789,999	$-5,600,981
2019	$3,564,697	$8,995,650	$30,012,411	$-5,430,953

MEIJER WORKERS COMPENSATION BENEFIT TRUST