HEALTHALLIANCE BENEFIT PLAN

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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

1950

Legal Domicile

Principal Officer

ANDREW WOODARD

Phone

5152247545

Tax Period

2023-07-01 to 2024-06-30

HEALTHALLIANCE BENEFIT PLAN, founded in 1950, is a mid-sized nonprofit in the Mutual Benefit sector that reported $16.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

NONE

Program Service Accomplishments

Program 1

THE PLAN PROVIDES HEALTH AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES AND COVERED DEPENDENTS OF MEMBERS OF THE FUELIOWA TRADE ASSOCIATION, THE PLAN SPONSOR. PREMIUMS ARE PAID TO THE PLAN BY THE...

THE PLAN PROVIDES HEALTH AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES AND COVERED DEPENDENTS OF MEMBERS OF THE FUELIOWA TRADE ASSOCIATION, THE PLAN SPONSOR. PREMIUMS ARE PAID TO THE PLAN BY THE PARTICIPATING PLAN MEMBERS. THE PLAN IS A DEFINED BENEFIT HEALTH AND WELFARE PLAN ESTABLISHED AS A MULTI-EMPLOYER WELFARE ARRANGEMENT (MEWA) TO PROVIDE GROUP HEALTH, DENTAL, AND VISION INSURANCE, AND PRESCRIPTION DRUGS AND LIFE INSURANCE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,623,327

Investment Income $121,946

Other Revenue $0

TOTAL REVENUE $16,745,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,523,400

TOTAL EXPENSES $17,044,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,745,273	$14,987,897	+0.1%
Expenses	$17,044,553	$14,890,402	+0.1%
Net Income	$-299,280	$97,495	-4.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROOKE LILLEY	TRUSTEE	0.50	Director	$0	$0	$0
LISA ABENS	TRUSTEE	0.50	Director	$0	$0	$0
LORI THIELEN	TRUSTEE	0.50	Director	$0	$0	$0
VALEREE MUHLENBURG	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW WOODARD	TRUSTEE CHAI	0.50	Officer Director	$0	$0	$0
BRYAN BANDSTRA	IMMEDIATE PA	0.50	Officer 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	No data	No data	No data	No data
2024	$16,745,273	$17,044,553	$4,448,239	$-299,280
2023	$14,987,897	$14,890,402	$4,542,417	$97,495
2022	$14,851,406	$14,434,272	$4,354,956	$417,134
2021	$14,734,347	$13,816,463	$4,458,449	$917,884
2019	$14,600,932	$15,163,373	$2,746,295	$-562,441