LAWRENCE PAPER COMPANY HEALTH AND … - 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

1981

Legal Domicile

Principal Officer

MATT VOGEL

Phone

7858438111

Tax Period

2024-01-01 to 2024-12-31

LAWRENCE PAPER COMPANY HEALTH AND WELFARE PLAN, founded in 1981, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

HEALTH CARE COVERAGE

Program Service Accomplishments

Program 1

To provide for the payment of hospitalization, medical, and related benefits to persons who are eligible in accordance with the terms of the health care 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 $2,354,700

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,354,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $616,690

TOTAL EXPENSES $2,636,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,354,700	$2,216,282	+0.1%
Expenses	$2,636,402	$2,268,176	+0.2%
Net Income	$-281,702	$-51,894	+4.4%

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

$885,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN D HILL JR	Trustee	0.00	Director	$0	$0	$478,134
MATTHEW A VOGEL	Trustee	2.00	Director	$0	$7,680	$407,646

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	$2,354,700	$2,636,402	$689,007	$-281,702
2023	$2,216,282	$2,268,176	$1,056,109	$-51,894
2022	$3,263,519	$2,901,822	$1,106,403	$361,697
2021	$2,719,415	$2,891,515	$812,120	$-172,100
2020	$3,627,289	$3,290,076	$1,017,433	$337,213
2019	$2,941,349	$3,097,002	$608,753	$-155,653
2018	$2,295,197	$1,920,539	$839,486	$374,658

LAWRENCE PAPER COMPANY HEALTH AND WELFARE PLAN