Kansas Bankers Association Welfare Benefit Fund

EIN: 466532359 Mutual Benefit

Topeka, KS

Total Revenue
$75,911,908
Total Expenses
$71,264,495
Total Assets
$31,721,524
Net Assets
$31,631,250
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
KS
Phone
7852323444
Tax Period
2023-08-01 to 2024-07-31

Kansas Bankers Association Welfare Benefit Fund, founded in 2012, is a mid-sized nonprofit in the Mutual Benefit sector that reported $75.9M in total revenue in fiscal year 2023. Expenses of $71.3M left a modest 6% surplus.

Mission

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

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $74,450,870
Investment Income $1,461,038
Other Revenue $0
TOTAL REVENUE $75,911,908

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $6,518,371
TOTAL EXPENSES $71,264,495

Year-over-Year Comparison

2023 2022 Change
Revenue $75,911,908 $71,970,776 +0.1%
Expenses $71,264,495 $67,359,252 +0.1%
Net Income $4,647,413 $4,611,524 +0.0%
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

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Governance

Voting Members
1
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
0
$0
Total Directors
1
$145,808
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC STOFER TRUSTEE 5.0
Director
$0 $37,164 $145,808
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 $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
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