BUILDERS OF MICHIGAN HEALTH BENEFIT TRUST WELFARE BENEFIT PLAN

EIN: 476660978 Mutual Benefit

LANSING, MI

Total Revenue
$845,588
Total Expenses
$858,429
Total Assets
$199,310
Net Assets
$199,310
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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
MI
Principal Officer
DAVID MOLLITOR JR
Phone
5179745567
Tax Period
2022-01-01 to 2022-12-31

BUILDERS OF MICHIGAN HEALTH BENEFIT TRUST WELFARE BENEFIT PLAN, founded in 2014, is a small nonprofit in the Mutual Benefit sector that reported $846K in total revenue in fiscal year 2022. Revenue fell 73% from the prior year — a significant decline worth monitoring.

Mission

ABC-HBA OF MICHIGAN HEALTH TRUST FUND IS INTENDED TO PROVIDE A DISTINCT LEGAL ENTITY INTO WHICH MONIES MAY BE CONTRIBUTED BY PARTICIPATING EMPLOYERS AND EMPLOYEES FOR THE EXCLUSIVE PURPOSE OF CREATING AND ADMINISTERING AN EMPLOYEE WELFARE BENEFIT PLAN (OR PLANS) FOR THE BENEFIT OF PARTICIPATING EMPLOYEES, AND THEIR BENEFICIARIES, AND FOR DEFRAYING REASONABLE EXPENSES OF ADMINISTRATION.

Program Service Accomplishments

Program 1

CREATE AND ADMINISTER AN EMPLOYEE WELFARE BENEFIT PLAN (OR PLANS), FUNDED BY PARTICIPATING EMPLOYERS AND EMPLOYEES, FOR THE BENEFIT OF PARTICIPATING EMPLOYEES AND THEIR BENEFICIARIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $845,510
Investment Income $78
Other Revenue $0
TOTAL REVENUE $845,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $133,997
TOTAL EXPENSES $858,429

Year-over-Year Comparison

2022 2021 Change
Revenue $845,588 $3,164,705 -0.7%
Expenses $858,429 $3,091,364 -0.7%
Net Income $-12,841 $73,341 -1.2%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ESBROOK DIRECTOR 1.00
Director
$0 $0 $0
PAM MERLO DIRECTOR 1.00
Director
$0 $0 $0
LYNNE PRATT DIRECTOR 1.00
Director
$0 $0 $0
ZACH HAAN TREASURER 1.00
Officer Director
$0 $0 $0
JERRY WHITAKER VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID MOLLITOR CHAIRMAN 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
2022 $845,588 $858,429 $199,310 $-12,841
2021 $3,164,705 $3,091,364 $444,750 $73,341
2020 $2,318,301 $2,230,735 $147,334 $87,566
2019 $939,438 $922,528 $51,244 $16,910
2018 $497,027 $472,663 $34,334 $24,364
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