Kansas Bankers Association 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

2012

Legal Domicile

Phone

7852323444

Tax Period

2024-08-01 to 2025-07-31

Kansas Bankers Association Welfare Benefit Fund, founded in 2012, is a mid-sized nonprofit in the Mutual Benefit sector that reported $75.8M in total revenue in fiscal year 2024.

Mission

PROVIDE FOR THE PAYMENT OF HOSPITALIZATION, MEDICAL CARE, AND DENTAL CARE.

Program Service Accomplishments

Program 1

PROVIDE FOR THE PAYMENT OF HOSPITALIZATION, MEDICAL CARE, AND DENTAL CARE FOR CERTAIN EMPLOYEES OF EACH MEMBER OF THE KANSAS BANKERS ASSOCIATION THAT HAS ELECTED TO PARTICIPATE IN THE PLAN.

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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 $74,330,816

Investment Income $1,449,620

Other Revenue $0

TOTAL REVENUE $75,780,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $6,574,270

TOTAL EXPENSES $75,425,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,780,436	$75,911,908	0.0%
Expenses	$75,425,876	$71,264,495	+0.1%
Net Income	$354,560	$4,647,413	-0.9%

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

N/A

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

$120,207

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC STOFER	TRUSTEE	5.0	Director	$0	$7,050	$120,207

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	$75,780,436	$75,425,876	$32,216,116	$354,560
2024	$75,911,908	$71,264,495	$31,721,524	$4,647,413
2023	$71,970,776	$67,359,252	$26,890,059	$4,611,524
2022	$64,820,007	$68,015,902	$22,483,669	$-3,195,895
2021	$64,407,624	$61,560,338	$24,697,170	$2,847,286
2020	$64,491,684	$59,074,382	$22,372,271	$5,417,302
2019	$63,072,787	$65,560,167	$15,893,742	$-2,487,380
2018	$61,541,319	$60,997,624	$18,134,735	$543,695

Kansas Bankers Association Welfare Benefit Fund