HUNTER ENGINEERING COMPANY WELFARE… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

PAUL CROWE

Phone

3147310000

Tax Period

2019-01-01 to 2019-12-31

HUNTER ENGINEERING COMPANY WELFARE PLAN TRUST 1, founded in 1991, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2019. Expenses of $9.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE TRUST PROVIDES HEALTH BENEFITS FOR EMPLOYEES OF HUNTER ENGINEERING COMPANY AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $8,430,961 Revenue: $7,029,979

THE WELFARE PLAN IS ESTABLISHED BY HUNTER ENGINEERING COMPANY TO PROVIDE HEALTH INSURANCE FOR ITS APPROXIMATELY 860 ENROLLEES WHO MEET THE SERVICE AND OTHER REQUIREMENTS DESCRIBED IN THE WELFARE...

THE WELFARE PLAN IS ESTABLISHED BY HUNTER ENGINEERING COMPANY TO PROVIDE HEALTH INSURANCE FOR ITS APPROXIMATELY 860 ENROLLEES WHO MEET THE SERVICE AND OTHER REQUIREMENTS DESCRIBED IN THE WELFARE BENEFIT PLAN ADOPTED BY THE COMPANY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,029,979

Investment Income $31,490

Other Revenue $0

TOTAL REVENUE $7,061,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,430,961

Other Expenses $1,420,365

TOTAL EXPENSES $9,126,490

Year-over-Year Comparison

	2019	2018	Change
Revenue	$7,061,469	$7,164,867	0.0%
Expenses	$9,126,490	$7,154,042	+0.3%
Net Income	$-2,065,021	$10,825	-191.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEAU BRAUER	PRESIDENT	1.00	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
2019	$7,061,469	$9,126,490	No data	$-2,065,021
2018	$7,164,867	$7,154,042	$2,065,021	$10,825

HUNTER ENGINEERING COMPANY WELFARE PLAN TRUST 1