USW HRA FUND (EIN 621548543) - 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

1994

Legal Domicile

Principal Officer

Carolyn Adams-Rossignol

Phone

6153336343

Tax Period

2023-01-01 to 2023-12-31

USW HRA FUND, founded in 1994, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Expenses of $4.4M left a modest 5% surplus.

Mission

HEALTH CARE PROGRAM: Benefit payments made through a health reimbursement arrangement that reimburses approximately 2,765 participants, retirees or their dependents for eligible medical expenses that are tax deductible under Internal Revenue Code section 213.

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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 $3,090,383

Investment Income $1,533,439

Other Revenue $0

TOTAL REVENUE $4,623,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,350,331

Other Expenses $730,202

TOTAL EXPENSES $4,408,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,623,822	$4,379,094	+0.1%
Expenses	$4,408,522	$3,706,229	+0.2%
Net Income	$215,300	$672,865	-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

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

$409,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN ADAMS-ROSSIGNOL	EXECUTIVE DIRECTOR	1.06	Officer	$0	$55,049	$207,650
CHARLES KNIGHT	DEPUTY EXECUTIVE DIRECTOR	0.23	Officer	$0	$46,958	$202,118
Jenny Lee	Controller	2.18	Highest	$0	$45,467	$188,156
DOUG CORZINE	IT MANAGER	0.25	Highest	$0	$43,451	$166,745
TERRENCE SPROULE	SECRETARY	0.4	Director	$0	$0	$0
MARK RHODES	CHAIRMAN	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	$4,623,822	$4,408,522	$48,607,970	$215,300
2022	$4,379,094	$3,706,229	$45,647,045	$672,865
2021	$4,491,107	$3,958,064	$54,078,197	$533,043
2020	$4,934,539	$3,772,881	$52,442,524	$1,161,658
2019	$4,308,103	$3,552,192	$49,721,519	$755,911
2018	$4,303,375	$3,411,067	$45,039,128	$892,308

USW HRA FUND