FIRST COMMUNITY BANKSHARES INC WELFARE BENEFITS TRUST

EIN: 541957458 Mutual Benefit

BLUEFIELD, VA

Total Revenue
$6,760,583
Total Expenses
$6,632,081
Total Assets
$690,972
Net Assets
$690,972
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
VA
Principal Officer
DAVID BROWN
Phone
2763269000
Tax Period
2023-01-01 to 2023-12-31

FIRST COMMUNITY BANKSHARES INC WELFARE BENEFITS TRUST, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $5.7M in total revenue in fiscal year 2019.

Mission

TO PROVIDE PAYMENT OF MEDICAL, DENTAL, VISION, AND CANCER BENEFITS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,742,168
Investment Income $18,415
Other Revenue $0
TOTAL REVENUE $6,760,583

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,245,981
TOTAL EXPENSES $6,632,081

Year-over-Year Comparison

2023 2022 Change
Revenue $6,760,583 $5,786,351 +0.2%
Expenses $6,632,081 $5,928,520 +0.1%
Net Income $128,502 $-142,169 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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 $6,760,583 $6,632,081 $690,972 $128,502
2022 $5,786,351 $5,928,520 $482,181 $-142,169
2021 $5,913,183 $5,628,045 $306,572 $285,138
2020 $6,691,886 $6,829,507 $21,434 $-137,621
2019 $5,698,192 $5,624,670 $159,055 $73,522
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FIRST COMMUNITY BANKSHARES INC WELFARE BENEFITS TRUST with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.