MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALTH & WELFARE (EIN 396046679) - 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

1966

Legal Domicile

Principal Officer

PAUL CHRISTENSEN

Phone

6082789500

Tax Period

2023-01-01 to 2023-12-31

MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALTH & WELFARE, founded in 1966, is a mid-sized nonprofit that reported $16.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE REASONABLY COST EFFECTIVE GROUP HEALTH COVERAGE TO THE MEMBERS.

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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 $15,791,236

Investment Income $645,269

Other Revenue $0

TOTAL REVENUE $16,436,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,849,069

TOTAL EXPENSES $16,058,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,436,505	$14,504,915	+0.1%
Expenses	$16,058,788	$12,693,823	+0.3%
Net Income	$377,717	$1,811,092	-0.8%

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

$219,477

Total Directors

$695,305

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL ZIELKE	TRUSTEE	0.50	Director	$0	$108,785	$280,683
STEVE BREITLOW	SECRETARY-TREASURER	0.50	Officer Director	$0	$63,540	$219,477
SPENCER STATZ	TRUSTEE	0.50	Director	$0	$57,186	$195,145
PAUL CHRISTENSEN	CHAIRMAIN	0.50	Officer Director	$0	$0	$0
JIM LEMENS	TRUSTEE	0.50	Director	$0	$0	$0
MELISSA WOOD	TRUSTEE	0.50	Director	$0	$0	$0
BRENT WILLIAMS	TRUSTEE	0.50	Director	$0	$0	$0
BOB SCHALLER	TRUSTEE	0.50	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	$16,436,505	$16,058,788	$22,663,425	$377,717
2022	$14,504,915	$12,693,823	$17,970,441	$1,811,092
2021	$14,408,479	$12,190,372	$17,112,386	$2,218,107
2020	$12,322,220	$9,820,820	$14,097,987	$2,501,400
2019	$13,377,249	$12,797,029	$12,634,007	$580,220
2018	$11,548,733	$14,177,407	$11,154,300	$-2,628,674

MADISON AREA CONSTRUCTION EMPLOYEES TRUST - HEALTH & WELFARE