CITY OF WICHITA FALLS EMPLOYEE BENEFIT TRUST (EIN 752068960) - 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

1983

Legal Domicile

Principal Officer

Stephen Calvert

Phone

9407617462

Tax Period

2023-10-01 to 2024-09-30

CITY OF WICHITA FALLS EMPLOYEE BENEFIT TRUST, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $19.3M in total revenue in fiscal year 2023. Expenses of $17.4M left a modest 10% surplus.

Mission

To provide benefits under the Health and Welfare Program, which benefits may include life, accidental death and dismemberment, short and long term disability, basic and major medical, dental, vision or sick or accident benefits to the employees, retirees and dependents of the City of Wichita Falls.

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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 $16,277,636

Program Service Revenue $0

Investment Income $3,017,582

Other Revenue $0

TOTAL REVENUE $19,295,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,962

Fundraising Expenses $0

Program Expenses $16,378,948

Other Expenses $2,041,907

TOTAL EXPENSES $17,351,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,295,218	$18,298,786	+0.1%
Expenses	$17,351,283	$15,452,536	+0.1%
Net Income	$1,943,935	$2,846,250	-0.3%

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
Kinley Hegglund	Administrator	4	Director	$0	$0	$0
Christi Klyn	Board Member	1	Director	$0	$0	$0
Stephen Calvert	Board Member	1	Director	$0	$0	$0
Paul Menzies	Board Member	1	Director	$0	$0	$0
James McKechnie	Interim City Manager	1	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	$19,295,218	$17,351,283	$16,721,110	$1,943,935
2023	$18,298,786	$15,452,536	$14,613,067	$2,846,250
2022	$16,134,963	$15,360,434	$11,588,089	$774,529
2021	$18,101,881	$16,716,329	$12,167,731	$1,385,552
2020	$17,128,209	$16,250,169	$11,120,010	$878,040

CITY OF WICHITA FALLS EMPLOYEE BENEFIT TRUST