CARPENTERS HEALTH FUND OF WEST VIRGINIA (EIN 550621800) - 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

1961

Legal Domicile

Principal Officer

MARY PRIM

Phone

3045250331

Tax Period

2023-10-01 to 2024-09-30

CARPENTERS HEALTH FUND OF WEST VIRGINIA, founded in 1961, is a mid-sized nonprofit that reported $21.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH AND INSURANCE BENEFITS TO MEMBERS.

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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 $20,476,982

Investment Income $1,121,676

Other Revenue $0

TOTAL REVENUE $21,598,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,530,256

Other Expenses $933,470

TOTAL EXPENSES $22,530,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,598,658	$21,272,861	+0.0%
Expenses	$22,530,256	$22,784,455	0.0%
Net Income	$-931,598	$-1,511,594	-0.4%

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

Employees

N/A

Volunteers

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
MICHAEL JENKINS	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM SPROULE	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY JEFFERS	TRUSTEE	2.00	Director	$0	$0	$0
RANDALL MAY	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH ELLIOT	TRUSTEE	2.00	Director	$0	$0	$0
JESSE STACY II	TRUSTEE	2.00	Director	$0	$0	$0
GARY MCCALLISTER	TRUSTEE	2.00	Director	$0	$0	$0
MARY PRIM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDREW WISEMAN	TRUSTEE	2.00	Director	$0	$0	$0
GLENN JEFFRIES	TRUSTEE	2.00	Director	$0	$0	$0
TODD COREY	TRUSTEE	2.00	Director	$0	$0	$0
TIM GOODEN	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW DANIEL	TRUSTEE	2.00	Director	$0	$0	$0
ERIC STARKOWICZ	TRUSTEE	2.00	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	No data	No data	No data	No data
2024	$21,598,658	$22,530,256	$30,042,824	$-931,598
2023	$21,272,861	$22,784,455	$28,237,157	$-1,511,594
2022	$20,399,449	$20,135,139	$29,048,138	$264,310
2021	$18,485,815	$17,695,994	$33,945,838	$789,821
2020	$16,493,347	$17,351,340	$32,677,401	$-857,993
2019	$19,503,707	$18,331,989	$33,035,926	$1,171,718
2018	$19,612,261	$14,909,642	$30,861,005	$4,702,619

CARPENTERS HEALTH FUND OF WEST VIRGINIA