Co-op Health and Welfare Plan & Tr… - 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

1984

Legal Domicile

Phone

6157938317

Tax Period

2023-07-01 to 2024-06-30

Co-op Health and Welfare Plan & Trust, founded in 1984, is a mid-sized nonprofit that reported $23.7M in total revenue in fiscal year 2023.

Mission

To provide health, life and disability insurance to employees of Farmer COOPS in the State of Tennessee and Benefits to eligible Employees OF Tennessee FARMERS COOP, SUBSIDIARIES & PARTICIPATING MEMBER COOPS.

Program Service Accomplishments

Program 1

EMPLOYEE HEALTH INSURANCE PROVIDES INDIVIDUAL AND FAMILY COVERAGE WITH CERTAIN CO-PAYS TO PROTECT EMPLOYEES AGAINST MAJOR MEDICAL EXPENSES.

Program 2

EMPLOYEE LIFE INSURANCE PROVIDES INDIVIDUAL AND FAMILY COVERAGE FOR QUALIFIED INDIVIDUALS IN ORDER TO PROTECT THE EMPLOYEE AND THEIR FAMILY AGAINST FUNERAL EXPENSES AND THE LOSS OF AN EMPLOYEES...

EMPLOYEE LIFE INSURANCE PROVIDES INDIVIDUAL AND FAMILY COVERAGE FOR QUALIFIED INDIVIDUALS IN ORDER TO PROTECT THE EMPLOYEE AND THEIR FAMILY AGAINST FUNERAL EXPENSES AND THE LOSS OF AN EMPLOYEES EARNINGS.

Program 3

DISABILITY INSURANCE PROVIDES COVERAGE FOR QUALIFIED EMPLOYEES IN ORDER TO PROTECT THE EMPLOYEE FROM LOSS OF WAGES IF HE/SHE WERE TO BECOME DISABLED.

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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 $22,945,384

Investment Income $756,946

Other Revenue $0

TOTAL REVENUE $23,702,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,052,065

TOTAL EXPENSES $23,317,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,702,330	$22,656,282	+0.0%
Expenses	$23,317,094	$21,391,201	+0.1%
Net Income	$385,236	$1,265,081	-0.7%

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

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
Shannon Huff	Chair of The Trustees	1.0	Officer Director	$0	$0	$0
Donald Sutherland	Trustee	1.0	Director	$0	$0	$0
Keith Fowler	Trustee	1.0	Director	$0	$0	$0
Kirk Fischer	Trustee	1.0	Director	$0	$0	$0
Rick Keck	Trustee	1.0	Director	$0	$0	$0
Tommy Townsend	Trustee	1.0	Director	$0	$0	$0
Vincent Gillam	Trustee	1.0	Director	$0	$0	$0
Elizabeth Foss	Secretary	5.0	Officer	$0	$0	$0
John Cain	Treasurer / Plan Administrator	6.0	Officer	$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
2025	No data	No data	No data	No data
2024	$23,702,330	$23,317,094	$18,090,172	$385,236
2023	$22,656,282	$21,391,201	$17,662,760	$1,265,081
2022	$21,322,536	$20,711,396	$16,259,334	$611,140
2021	$22,336,295	$22,507,667	$15,889,976	$-171,372
2020	$24,011,889	$24,963,624	$15,987,813	$-951,735
2019	$24,074,209	$22,801,550	$16,471,817	$1,272,659
2018	$22,949,787	$22,184,524	$15,199,158	$765,263

Co-op Health and Welfare Plan & Trust