Florida UBC Health Fund (EIN 596134278) - 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

1962

Legal Domicile

Principal Officer

James Banks

Phone

8008314914

Tax Period

2024-01-01 to 2024-06-30

Florida UBC Health Fund, founded in 1962, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 17% operating margin.

Mission

The Funds purpose is to provide Health and Welfare Benefits to eligible participants under terms of various collective bargaining agreements between the various employers and the Florida Carpenters Regional Council.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,556,985

Investment Income $250,343

Other Revenue $0

TOTAL REVENUE $7,807,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,458,194

Other Expenses $450,664

TOTAL EXPENSES $6,458,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,807,328	$14,453,113	-0.5%
Expenses	$6,458,194	$13,112,711	-0.5%
Net Income	$1,349,134	$1,340,402	+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

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
Preston Taylor	Management Trustee - Secretary	001.00	Director	$0	$0	$0
Harold Richardson	Management Trustee	001.00	Director	$0	$0	$0
Jody Crews	Management Trustee	001.00	Director	$0	$0	$0
Kirk Riddle	Management Trustee	001.00	Director	$0	$0	$0
Carlos Ranon	Management Trustee	001.00	Director	$0	$0	$0
Conrad Varnum	Management Trustee	001.00	Director	$0	$0	$0
James Banks	Union Trustee - Chairman	001.00	Director	$0	$0	$0
Jimmie Jordan	Union Trustee	001.00	Director	$0	$0	$0
Frank D'Angelo	Union Trustee	001.00	Director	$0	$0	$0
Billy Campbell	Union Trustee	001.00	Director	$0	$0	$0
Randy Page	Union Trustee	001.00	Director	$0	$0	$0
Matthew Swanson	Union Trustee	001.00	Director	$0	$0	$0
Guy Carter	Union Trustee	001.00	Director	$0	$0	$0
Alexander Jiron	Union Trustee	001.00	Director	$0	$0	$0
Doug Walker	Management Trustee	001.00	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	$7,807,328	$6,458,194	No data	$1,349,134
2023	$14,453,113	$13,112,711	$29,167,040	$1,340,402
2022	$12,692,930	$14,164,362	$26,509,916	$-1,471,432
2021	$13,989,864	$14,422,563	$29,349,187	$-432,699
2020	$12,888,600	$11,464,840	$28,049,242	$1,423,760
2019	$14,685,319	$14,048,111	$27,273,805	$637,208
2018	$13,297,207	$17,322,485	$26,373,995	$-4,025,278

Florida UBC Health Fund