Mid-South Carpenters Regional Council Health and Welfare Fund (EIN 526279969) - 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

1985

Legal Domicile

Principal Officer

Tom Jenkins

Phone

6158590131

Tax Period

2023-12-31 to 2024-06-30

Mid-South Carpenters Regional Council Health and Welfare Fund, founded in 1985, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.3M, a strong 26% operating margin.

Mission

Provide health and welfare benefits to eligible participants.

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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 $14,975,033

Investment Income $1,570,435

Other Revenue $27,066

TOTAL REVENUE $16,572,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,327

Fundraising Expenses $0

Other Expenses $1,337,224

TOTAL EXPENSES $12,273,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,572,534	$31,224,220	-0.5%
Expenses	$12,273,343	$22,219,845	-0.4%
Net Income	$4,299,191	$9,004,375	-0.5%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Boner	Trustee	1.00	Director	$0	$0	$0
Victor White	Trustee	1.00	Director	$0	$0	$0
Steve Williams	Trustee	1.00	Director	$0	$0	$0
Michael Pfieffer	Trustee	1.00	Director	$0	$0	$0
Tom Jenkins	Trustee - Chairman	1.00	Director	$0	$0	$0
Troy Vance	Trustee	1.00	Director	$0	$0	$0
Larry Parks	Trustee - Secretary	1.00	Director	$0	$0	$0
Timothy Burns	Trustee	1.00	Director	$0	$0	$0
Lloyd Hicks	Trustee	1.00	Director	$0	$0	$0
William McCall	Trustee	1.00	Director	$0	$0	$0
Justin Boozer	Trustee	1.00	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
2024	$16,572,534	$12,273,343	No data	$4,299,191
2023	$31,224,220	$22,219,845	$56,720,143	$9,004,375
2022	$27,039,786	$19,503,695	$46,187,102	$7,536,091
2021	$23,372,218	$22,940,833	$42,702,855	$431,385
2020	$20,935,545	$17,449,734	$39,229,351	$3,485,811
2019	$19,067,129	$18,901,442	$35,801,345	$165,687
2018	$20,922,005	$18,173,462	$31,694,180	$2,748,543

Mid-South Carpenters Regional Council Health and Welfare Fund