MICHIGAN UFCW UNIONS & EMPLOYERS JOINT PREPAID LEGAL SERVICES FUND (EIN 383136636) - 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

DANIEL PEDERSEN

Phone

9376651900

Tax Period

2024-04-01 to 2025-03-31

MICHIGAN UFCW UNIONS & EMPLOYERS JOINT PREPAID LEGAL SERVICES FUND, founded in 1993, is a small nonprofit that reported $321K in total revenue in fiscal year 2024. Expenses of $381K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE LEGAL BENEFIT SERVICES TO ELIGIBLE PARTICIPANTS.

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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 $284,535

Investment Income $36,497

Other Revenue $0

TOTAL REVENUE $321,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $177,601

TOTAL EXPENSES $380,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,032	$321,383	0.0%
Expenses	$380,987	$357,807	+0.1%
Net Income	$-59,955	$-36,424	+0.6%

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

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

$358,706

Total Directors

$873,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL PEDERSEN	UNION TRUSTEE & CHAIRMAN	2.00	Officer Director	$0	$32,338	$358,706
KIMBERLY WELCH-HARLAN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
NATE CLARK	ALTERNATE UNION TRUSTEE	1.00	Director	$0	$0	$101,100
RYLAN NORRIS	ALTERNATIVE EMPLOYER TRUST	1.00	Director	$0	$0	$0
STEPHANIE VILLALPANDO	UNION TRUSTEE	1.00	Director	$0	$13,224	$192,322
STEVE YANCEY	EMPLOYER TRUSTEE & SECRETARY	2.00	Officer Director	$0	$0	$0
MARGARITTE THOMAS	UNION TRUSTEE	1.00	Director	$0	$0	$110,982
DAWN MCCLANAHAN	ALTERNATIVE UNION TRUSTEE	1.00	Director	$0	$0	$110,600
JESSICA OFFENBACHER	EMPLOYEE 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
2025	$321,032	$380,987	$800,711	$-59,955
2024	$321,383	$357,807	$852,744	$-36,424
2023	$329,560	$311,999	$830,136	$17,561
2022	$331,524	$314,526	$901,346	$16,998
2021	$471,227	$296,663	$854,391	$174,564
2020	$340,887	$345,555	$679,215	$-4,668
2019	$383,631	$356,364	$681,426	$27,267

MICHIGAN UFCW UNIONS & EMPLOYERS JOINT PREPAID LEGAL SERVICES FUND