COOPERATIVE WELFARE BEN FD (IA & NE) (EIN 421294150) - 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

1987

Legal Domicile

Principal Officer

RICK SMITHPETER

Phone

5152260303

Tax Period

2023-01-01 to 2023-12-31

COOPERATIVE WELFARE BEN FD (IA & NE), founded in 1987, is a mid-sized nonprofit that reported $71.2M 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 PARTICIPATING EMPLOYERS.

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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 $70,979,541

Investment Income $159,247

Other Revenue $91,788

TOTAL REVENUE $71,230,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,646,475

TOTAL EXPENSES $72,475,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,230,576	$67,342,810	+0.1%
Expenses	$72,475,125	$64,020,627	+0.1%
Net Income	$-1,244,549	$3,322,183	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA ELLIOTT	TRUSTEE	1.00	Director	$0	$0	$0
MONTE HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
NANCY HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
TODD NETTEN	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG MOMMER	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN LYONS	TRUSTEE	1.00	Director	$0	$0	$0
DIANE STREIT	TRUSTEE	1.00	Director	$0	$0	$0
RICK SMITHPETER	CHAIR	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	$71,230,576	$72,475,125	$20,314,913	$-1,244,549
2022	$67,342,810	$64,020,627	$17,890,520	$3,322,183
2021	$75,160,652	$77,340,098	$20,233,911	$-2,179,446
2020	$70,839,100	$74,209,286	$21,849,470	$-3,370,186

COOPERATIVE WELFARE BEN FD (IA & NE)