LYLE HUGHART WELFARE FUND (EIN 736094616) - 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

1956

Legal Domicile

Principal Officer

JOE A MCKENZIE

Phone

4058484848

Tax Period

2024-07-01 to 2025-06-30

LYLE HUGHART WELFARE FUND, founded in 1956, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024.

Mission

THE TRUST IS A SELF-INSURED WELFARE PLAN ESTABLISHED TO PROVIDE BENEFITS TO QUALIFYING UNION EMPLOYEES OF EMPLOYERS THAT HAVE AGREED TO BE BOUND BY THE COLLECTIVE BARGAINING AGREEMENT.

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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 $5,575,231

Investment Income $469,615

Other Revenue $2,626

TOTAL REVENUE $6,047,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $280,171

TOTAL EXPENSES $6,169,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,047,472	$5,665,450	+0.1%
Expenses	$6,169,019	$4,708,904	+0.3%
Net Income	$-121,547	$956,546	-1.1%

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
JORDON BELEW	TRUSTEE	2.00	Director	$0	$0	$0
KYLE BELLMON	TRUSTEE	2.00	Director	$0	$0	$0
JERRY HOVARTER	TRUSTEE	2.00	Director	$0	$0	$0
GARY KIRK	TRUSTEE	2.00	Director	$0	$0	$0
JOE A MCKENZIE	TRUSTEE	2.00	Director	$0	$0	$0
HANK REAVES	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
2025	$6,047,472	$6,169,019	$10,187,155	$-121,547
2024	$5,665,450	$4,708,904	$10,153,274	$956,546
2023	$4,866,313	$4,423,172	$9,424,378	$443,141
2022	$4,637,467	$3,834,059	$8,261,804	$803,408
2021	$4,449,291	$4,249,204	$8,143,494	$200,087
2020	$6,036,635	$4,788,165	$7,767,196	$1,248,470
2019	$5,918,444	$4,442,857	$6,512,429	$1,475,587

LYLE HUGHART WELFARE FUND