PHARR YARNS EMPLOYEE BENEFIT PLAN … - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

FREDERICK J ERICKSON

Phone

7048243551

Tax Period

2022-01-01 to 2022-12-31

PHARR YARNS EMPLOYEE BENEFIT PLAN TRUST, founded in 1974, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2022.

Mission

THIS EMPLOYEE BENEFIT TRUST PROVIDES MEDICAL, LIFE, DENTAL, AND DISABILITY BENEFITS TO MEMBERS OF THE SPONSORING COMPANY EMPLOYEES AND RETIREES.

Program Service Accomplishments

Program 1

BENEFITS PAID TO OR FOR MEMBERS HEALTH, LIFE, DENTAL, SHORT TERM DISABILITY, AND AD&D PROGRAMS PROVIDED TO PARTICIPANTS OF THE PHARR YARNS EMPLOYEE BENEFIT TRUST.

Program 2

INSURANCE PREMIUMS FOR INSURANCE COVERAGE WAS OBTAINED TO PROVIDE CERTAIN HEALTH, LIFE, DENTAL, SHORT TERM DISABILITY, AND AD&D BENEFITS.

Program 3

PREMIUMS FOR HMO AND POS: PREMIUMS WERE PAID FOR PARTICIPANT'S MEMBERSHIP IN A FULLY INSURED HEALTH MAINTENANCE ORGANIZATION OR POINT OF SERVICE PLAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,442,350

Investment Income $7,806

Other Revenue $0

TOTAL REVENUE $2,450,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,459,282

TOTAL EXPENSES $2,521,405

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,450,156	$2,329,162	+0.1%
Expenses	$2,521,405	$2,361,088	+0.1%
Net Income	$-71,249	$-31,926	+1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
FREDERICK ERICKSON	TRUSTEE	Director	$0	$0	$0
WILLIAM P CARSTARPHEN	TRUSTEE	Director	$0	$0	$0
GREGORY PEELER	TRUSTEE	Director	$0	$0	$0
CHRISTY GLIDDON	TRUSTEE	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
2022	$2,450,156	$2,521,405	$279,585	$-71,249
2021	$2,329,162	$2,361,088	$358,893	$-31,926
2020	$3,917,299	$4,359,772	$389,957	$-442,473

PHARR YARNS EMPLOYEE BENEFIT PLAN TRUST