Southwest Health Benefits Fund (EIN 756012126) - 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

1952

Legal Domicile

Principal Officer

William G McCraw

Phone

7136439300

Tax Period

2023-01-01 to 2023-12-31

Southwest Health Benefits Fund, founded in 1952, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $730K, a strong 29% operating margin.

Mission

Provide health and welfare benefits to eligible participants.

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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 $2,200,096

Investment Income $297,611

Other Revenue $0

TOTAL REVENUE $2,497,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $315,547

TOTAL EXPENSES $1,767,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,497,707	$4,885,198	-0.5%
Expenses	$1,767,269	$1,823,583	0.0%
Net Income	$730,438	$3,061,615	-0.8%

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
Rick Sutphin	Management Trustee	1.00	Director	$0	$0	$0
Monroe Norrid	Labor Trustee	1.00	Director	$0	$0	$0
Kris Comeaux	Labor Trustee	1.00	Director	$0	$0	$0
Durward Fleming	Labor Trustee	1.00	Director	$0	$0	$0
William G McCraw	Management Trustee	1.00	Director	$0	$0	$0
Thomas Kleinmann	Labor Trustee	1.00	Director	$0	$0	$0
Lacy Wolf	Labor Trustee	1.00	Director	$0	$0	$0
Diana McClaferty	Management Trustee	1.00	Director	$0	$0	$0
Glenn Miles	Labor Trustee	1.00	Director	$0	$0	$0
Rufus Floyd	Labor Trustee	1.00	Director	$0	$0	$0
Teresa Payne	Labor Trustee	1.00	Director	$0	$0	$0
Chad Davis	Labor Trustee Alt	1.00	Director	$0	$0	$0
Paul Little	Management Trustee	1.00	Director	$0	$0	$0
Jeramy McCoy	Labor 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	$2,497,707	$1,767,269	$9,095,133	$730,438
2022	$4,885,198	$1,823,583	$8,031,285	$3,061,615
2021	$1,006,820	$936,705	$2,721,682	$70,115
2021	$1,006,820	$936,705	$2,721,682	$70,115
2020	$696,231	$510,224	$2,692,864	$186,007
2019	$714,025	$528,120	$2,337,024	$185,905
2018	$582,098	$371,696	$2,065,574	$210,402

Southwest Health Benefits Fund