HENARD METAL FABRICATORS INC EMPLOYEE BENEFIT TRUST

EIN: 581888247

KINGSPORT, TN

Total Revenue
$93,782
Total Expenses
$77,780
Total Assets
$326,530
Net Assets
$326,530
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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
1989
Legal Domicile
TN
Principal Officer
WILLIAM MORRIS HENARD
Phone
4232461129
Tax Period
2023-04-01 to 2024-03-31

HENARD METAL FABRICATORS INC EMPLOYEE BENEFIT TRUST, founded in 1989, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023. The organization ran a surplus of $16K, a strong 17% operating margin.

Mission

FUNDS FOR PAYMENT OF WELFARE CLAIMS ARE PAID INTO THE HENARD EMPLOYEE BENEFITS TRUST FUND. ALL FUNDS RECEIVED BY THE FUND SHALL BE APPLIED TOWARD PAYMENT OF CLAIMS AND REASONABLE EXPENSES OF ADMINISTRATION OF THE PLAN.

Program Service Accomplishments

Program 1

PROVIDED EMPLOYEES WITH HEALTHCARE RELATED BENEFITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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 $84,000
Program Service Revenue $0
Investment Income $9,782
Other Revenue $0
TOTAL REVENUE $93,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,537
TOTAL EXPENSES $77,780

Year-over-Year Comparison

2023 2022 Change
Revenue $93,782 $92,415 +0.0%
Expenses $77,780 $67,383 +0.2%
Net Income $16,002 $25,032 -0.4%
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
2
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
$2,294,015
Total Directors
2
$2,294,015
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM MORRIS HENARD TRUSTEE 2.00
Officer Director
$0 $0 $1,728,000
JESSICA H GAUDE TRUSTEE 2.00
Officer Director
$0 $0 $566,015
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
2025 No data No data No data No data
2024 $93,782 $77,780 $326,530 $16,002
2023 $92,415 $67,383 $288,615 $25,032
2022 $94,832 $62,342 $315,667 $32,490
2021 $103,684 $60,477 $288,339 $43,207
2020 $78,377 $46,484 $209,665 $31,893
2019 $62,323 $50,388 $218,068 $11,935
Explore More Nonprofits
→Top 100 Nonprofits in Tennessee →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HENARD METAL FABRICATORS INC EMPLOYEE BENEFIT TRUST with other nonprofits in Tennessee 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.