GLENN O HAWBAKER INC EMPLOYEE WELFARE BENEFIT TRUST

EIN: 521392784 Mutual Benefit

STATE COLLEGE, PA

Total Revenue
$24,497,792
Total Expenses
$18,603,557
Total Assets
$15,790,860
Net Assets
$15,790,860
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
PA
Principal Officer
DANIEL R HAWBAKER
Phone
8142371444
Tax Period
2023-01-01 to 2023-12-31

GLENN O HAWBAKER INC EMPLOYEE WELFARE BENEFIT TRUST, founded in 1984, is a mid-sized nonprofit in the Mutual Benefit sector that reported $24.5M in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 24% operating margin.

Mission

TO PROTECT ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AGAINST CERTAIN HEALTH EXPENSES.

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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 $24,497,792
Investment Income $0
Other Revenue $0
TOTAL REVENUE $24,497,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,477,848
TOTAL EXPENSES $18,603,557

Year-over-Year Comparison

2023 2022 Change
Revenue $24,497,792 $12,393,671 +1.0%
Expenses $18,603,557 $11,207,930 +0.7%
Net Income $5,894,235 $1,185,741 +4.0%
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
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.00
$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
2024 No data No data No data No data
2023 $24,497,792 $18,603,557 $15,790,860 $5,894,235
2022 $12,393,671 $11,207,930 $9,896,625 $1,185,741
2021 $10,709,582 $15,337,017 $8,710,884 $-4,627,435
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