WASHINGTON MANUFACTURING HEALTH TR… - 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

2014

Legal Domicile

Principal Officer

DEBORAH BRADY

Phone

5093266885

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON MANUFACTURING HEALTH TRUST, founded in 2014, is a community nonprofit in the Mutual Benefit sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPATING EMPLOYERS.

Program Service Accomplishments

Program 1

TO ADMINISTER THE WASHINGTON MANUFACTURING HEALTH TRUST MEDICAL PLAN. THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE, ACCIDENTAL DEATH AND DISABILITY INSURANCE TO PARTICIPANTS AND THEIR DEPENDENTS.

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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 $5,085,697

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,085,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,685

Fundraising Expenses $0

Other Expenses $561,322

TOTAL EXPENSES $5,078,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,085,697	$5,774,830	-0.1%
Expenses	$5,078,290	$5,800,270	-0.1%
Net Income	$7,407	$-25,440	-1.3%

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

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

$275,677

Total Directors

$2,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BRADY	TRUSTEE	1.00	Director	$895	$0	$895
ROBIN HILLEARY	TRUSTEE	1.00	Director	$895	$0	$895
GAYLE LAWRENCE	TRUSTEE	1.00	Director	$895	$0	$895
JAMES DEWALT	ADMINISTRATOR	1.00	Officer	$0	$0	$275,677

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	$5,085,697	$5,078,290	$280,161	$7,407
2022	$5,774,830	$5,800,270	$305,530	$-25,440
2021	$5,794,753	$5,798,199	$330,981	$-3,446
2020	$5,824,893	$5,832,966	$387,892	$-8,073
2019	$5,853,960	$5,838,709	$450,099	$15,251
2018	$6,474,638	$6,460,865	$352,760	$13,773

WASHINGTON MANUFACTURING HEALTH TRUST