West Care Health and Welfare Plan (EIN 810478880) - 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

1992

Legal Domicile

Principal Officer

Cheryl Jorgensen

Phone

4065861995

Tax Period

2023-01-01 to 2023-12-31

West Care Health and Welfare Plan, founded in 1992, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $15.1M represent 26 months of operating reserves.

Mission

Provide health benefits to participating employees.

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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 $6,461,598

Investment Income $418,148

Other Revenue $0

TOTAL REVENUE $6,879,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,860,240

TOTAL EXPENSES $6,681,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,879,746	$5,325,009	+0.3%
Expenses	$6,681,960	$5,691,570	+0.2%
Net Income	$197,786	$-366,561	-1.5%

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

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
Cheryl Jorgensen	Trustee/Plan Administrator	6.00	Officer Director	$0	$0	$0
Jim Tilleman	Trustee	2.00	Director	$0	$0	$0
Tom Fink	Trustee	2.00	Director	$0	$0	$0
Jarod Johnson	Trustee	2.00	Director	$0	$0	$0
Ben Campbell	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
2024	No data	No data	No data	No data
2023	$6,879,746	$6,681,960	$15,219,301	$197,786
2022	$5,325,009	$5,691,570	$14,927,657	$-366,561
2021	$3,785,858	$5,268,371	$15,251,463	$-1,482,513
2021	$12,281,854	$7,044,532	$16,737,053	$5,237,322
2020	$10,061,330	$5,785,771	$11,505,410	$4,275,559
2019	$8,867,086	$4,782,685	$7,226,921	$4,084,401
2018	$5,414,379	$3,958,503	$3,139,859	$1,455,876

West Care Health and Welfare Plan