BOMMER INDUSTRIES INC MEDICAL BENEFIT PLAN

EIN: 570741999

LANDRUM, SC

Total Revenue
$1,061,278
Total Expenses
$1,184,042
Total Assets
N/A
Net Assets
N/A
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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
1982
Legal Domicile
SC
Principal Officer
CHARLES A MARTIN
Phone
8644573301
Tax Period
2021-09-01 to 2022-08-31

BOMMER INDUSTRIES INC MEDICAL BENEFIT PLAN, founded in 1982, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2021. Revenue decreased 13% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS COVERING SUBSTANTIALLY ALL EMPLOYEES OF BOMMER INDUSTRIES, INC.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,060,962
Investment Income $316
Other Revenue $0
TOTAL REVENUE $1,061,278

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,184,042
Other Expenses $356,604
TOTAL EXPENSES $1,184,042

Year-over-Year Comparison

2021 2020 Change
Revenue $1,061,278 $1,219,648 -0.1%
Expenses $1,184,042 $1,246,449 -0.1%
Net Income $-122,764 $-26,801 +3.6%
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
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER E FROHLICH PLAN ADMINISTRATOR 0.00
Officer
$0 $0 $0
CHARLES A MARTIN PLAN ADMINISTRATOR 0.00
Officer
$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 $1,061,278 $1,184,042 No data $-122,764
2021 $1,219,648 $1,246,449 $122,764 $-26,801
2020 $1,261,006 $1,225,485 $149,565 $35,521
2019 $1,074,751 $1,071,154 $94,551 $3,597
2018 $1,449,259 $1,491,786 $90,954 $-42,527
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