BOMMER INDUSTRIES INC MEDICAL BENE… - 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

1982

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,184,042 Revenue: $1,060,962

THE PLAN PROVIDES 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%)

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

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
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

BOMMER INDUSTRIES INC MEDICAL BENEFIT PLAN