BMWED HEALTH FUND (EIN 616613197) - 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

2019

Legal Domicile

Phone

2486622660

Tax Period

2024-01-01 to 2024-12-31

BMWED HEALTH FUND, founded in 2019, is a community nonprofit in the Mutual Benefit sector that reported $3.4M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE HEALTH AND PRESCRIPTION AND SHORT TERM DISABILITY BENEFITS TO ACTIVE EMPLOYEES, COVERED DEPENDENTS AND PRE-MEDICARE RETIREES OF BMWED AND PARTICIPATING EMPLOYERS WHO MEET ELIGIBILITY REQUIREMENTS..

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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 $3,036,364

Program Service Revenue $0

Investment Income $266,625

Other Revenue $82,489

TOTAL REVENUE $3,385,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,048

Fundraising Expenses $0

Program Expenses $3,703,140

Other Expenses $52,901

TOTAL EXPENSES $3,703,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,385,478	$5,465,567	-0.4%
Expenses	$3,703,140	$3,528,251	+0.0%
Net Income	$-317,662	$1,937,316	-1.2%

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

$690,726

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TONY D CARDWELL	TRUSTEE	Director	$0	$55,976	$282,457
DALE E BOGART Jr	TRUSTEE	Director	$0	$47,219	$250,217
P H QUIGLEY	TRUSTEE	Director	$0	$20,949	$158,052
DENNIS R ALBERS	TRUSTEE		$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	$3,385,478	$3,703,140	$4,717,290	$-317,662
2023	$5,465,567	$3,528,251	$5,069,535	$1,937,316
2022	$3,711,892	$3,452,133	$3,128,211	$259,759
2021	$3,806,096	$3,246,503	$2,875,708	$559,593
2020	$3,784,849	$3,172,829	$2,317,244	$612,020

BMWED HEALTH FUND