KASPAR WIRE WORKS INC TRUST

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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

1985

Legal Domicile

Principal Officer

DAN A KASPAR

Phone

3615943327

Tax Period

2023-01-01 to 2023-12-31

KASPAR WIRE WORKS INC TRUST, founded in 1985, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

GROUP BENEFIT PLAN (VEBA) UNDER IRC SECTION 501(C)(9) AND APPLICABLE DOL REGULATIONS.

Program Service Accomplishments

Program 1

KASPAR WIRE WORKS INC. TRUST IS AN EMPLOYEE BENEFIT PLAN ORGANIZED UNDER SECTION 501(C)9. IT PROVIDES SICKNESS, ACCIDENT, DISABILITY, AND DEATH BENEFITS TO SUBSTANTIALLY ALL OF THE SPONSOR'S...

KASPAR WIRE WORKS INC. TRUST IS AN EMPLOYEE BENEFIT PLAN ORGANIZED UNDER SECTION 501(C)9. IT PROVIDES SICKNESS, ACCIDENT, DISABILITY, AND DEATH BENEFITS TO SUBSTANTIALLY ALL OF THE SPONSOR'S EMPLOYEES. IT IS FUNDED BY EMPLOYEE AND EMPLOYER CONTRIBUTIONS. IT HAS OPERATED EFFECTIVELY SINCE INCEPTION.

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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 $2,858,094

Investment Income $141

Other Revenue $0

TOTAL REVENUE $2,858,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $383,894

TOTAL EXPENSES $2,935,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,858,235	$1,816,368	+0.6%
Expenses	$2,935,494	$1,885,031	+0.6%
Net Income	$-77,259	$-68,663	+0.1%

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

N/A

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
TRICIA KNEZEK	TRUSTEE	1.00	Director	$0	$0	$0
JASON KASPAR	TRUSTEE	1.00	Director	$0	$0	$0
JILL OPELA	TRUSTEE	1.00	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	$2,858,235	$2,935,494	$155,594	$-77,259
2022	$1,816,368	$1,885,031	$232,853	$-68,663
2021	$2,286,120	$2,637,693	$301,516	$-351,573
2020	$3,724,490	$2,827,731	$653,089	$896,759
2019	$3,588,215	$3,767,226	No data	$-179,011
2018	$3,214,936	$4,115,566	No data	$-900,630