FAIRWAY FORD INC VOLUNTARY EMPLOYE… - 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

1997

Legal Domicile

Principal Officer

A FOSTER MCKISSICK IV

Phone

8647526673

Tax Period

2023-08-01 to 2024-07-31

Mission

THE TRUST RECEIVES INSURANCE PREMIUMS ON BEHALF OF ELECTING PARTICIPANTS. THE TRUST (1) PAYS PARTICIPANT CLAIMS AND (2) PURCHASES STOP LOSS INSURANCE TO COVER MAJOR CLAIMS.

Program Service Accomplishments

Program 1

THE TRUST RECEIVES INSURANCE PREMIUMS ON BEHALF OF FAIRWAY FORD, INC. HEALTH AND WELFARE BENEFIT PLAN AS A RESULT OF ELECTIONS BY PARTICIPANTS. THE TRUST PAYS (1) COVERED CLAIMS, (2) PURCHASES STOP LOSS INSURANCE FOR MAJOR CLAIMS AND (3) PURCHASES ON BEHALF OF ELECTING PARTICIPANTS OTHER INSURANCE PRODUCTS. IN ADDITION, THE TRUST DOES ADMINISTRATIVE WORK, FILES FORMS AND PAYS FEES REQUIRED BY TEH AFFORDABLE CARE ACT PROVISIONS.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $269,682

TOTAL EXPENSES $269,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$1,604,609	-1.0%
Expenses	$269,682	$1,517,866	-0.8%
Net Income	N/A	$86,743	N/A

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

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
A FOSTER MCKISSICK III	TRUSTEE	1.00	Director	$0	$0	$0
A FOSTER MCKISSICK IV	TRUSTEE	1.00	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	$269,682	No data	No data
2023	$1,604,609	$1,517,866	$319,001	$86,743
2022	$1,884,189	$2,223,800	$206,168	$-339,611
2021	$1,323,227	$1,466,475	$538,692	$-143,248
2020	$1,584,120	$1,169,881	$695,243	$414,239
2019	$1,249,815	$1,605,475	$274,456	$-355,660
2018	$1,166,440	$1,245,928	$607,219	$-79,488

FAIRWAY FORD INC VOLUNTARY EMPLOYEE BENEFIT TRUST