SOUTHEASTERN CARP & MW HEALTH PLAN CARP & MILLWRIGHTS HEALTH PLAN (EIN 586066597) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

THOMAS H JENKINS

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

SOUTHEASTERN CARP & MW HEALTH PLAN CARP & MILLWRIGHTS HEALTH PLAN, founded in 1967, is a mid-sized nonprofit that reported $23.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PAYMENT OF HEALTH, VISION, DENTAL, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO PLAN PARTICIPANTS.

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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 $21,203,292

Investment Income $1,760,046

Other Revenue $484,140

TOTAL REVENUE $23,447,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,681

Fundraising Expenses $0

Other Expenses $2,212,628

TOTAL EXPENSES $25,541,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,447,478	$21,582,360	+0.1%
Expenses	$25,541,266	$23,624,224	+0.1%
Net Income	$-2,093,788	$-2,041,864	+0.0%

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

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
THOMAS H JENKINS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROBERT G MOODY	SECRETARY	2.00	Director	$0	$0	$0
DAN MORRIS	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT STRICKLAND	TRUSTEE	2.00	Director	$0	$0	$0
DAVID W TANKERSLEY	TRUSTEE	2.00	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	No data	No data	No data
2023	$23,447,478	$25,541,266	$23,813,542	$-2,093,788
2022	$21,582,360	$23,624,224	$26,083,804	$-2,041,864
2021	$25,676,179	$25,503,211	$28,033,589	$172,968
2020	$18,623,258	$19,182,309	$28,027,547	$-559,051
2020	$27,692,532	$24,271,894	$28,590,733	$3,420,638
2019	$26,256,997	$20,767,036	$25,129,718	$5,489,961
2018	$22,730,538	$19,721,768	$19,578,948	$3,008,770

SOUTHEASTERN CARP & MW HEALTH PLAN CARP & MILLWRIGHTS HEALTH PLAN