STAR LUMBER & SUPPLY COMPANY INC EMPLOYEE GROUP BENEFIT PLAN (EIN 481050112) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

Steven Briggs

Phone

3169461546

Tax Period

2024-01-01 to 2024-12-31

STAR LUMBER & SUPPLY COMPANY INC EMPLOYEE GROUP BENEFIT PLAN, founded in 1984, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

The Plan provides self-funded medical (hospital, surgical and major medical) benefits covering substantially all employees of Star Lumber and Supply Co., Inc., the Plan Sponsor of this Voluntary Employees' Benefit Association (VEBA).

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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 $2,106,085

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,106,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $212,391

TOTAL EXPENSES $2,165,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,106,085	$2,728,863	-0.2%
Expenses	$2,165,187	$2,681,814	-0.2%
Net Income	$-59,102	$47,049	-2.3%

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

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

$405,694

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven T Briggs	Trustee & Chief Financial Officer	40	Director	$337,318	$68,376	$405,694

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	$2,106,085	$2,165,187	$340,898	$-59,102
2023	$2,728,863	$2,681,814	$400,000	$47,049
2022	$2,400,170	$2,402,745	$352,951	$-2,575
2021	$1,941,475	$2,088,215	$355,526	$-146,740
2020	$1,778,599	$1,654,469	$502,266	$124,130

STAR LUMBER & SUPPLY COMPANY INC EMPLOYEE GROUP BENEFIT PLAN