BASIC CRAFTS WORKERS' COMPENSATION BENEFITS TRUST FUND (EIN 810650114) - 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

2004

Legal Domicile

Principal Officer

WILLIAM FEYLING

Phone

5106330333

Tax Period

2023-09-01 to 2024-08-31

BASIC CRAFTS WORKERS' COMPENSATION BENEFITS TRUST FUND, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE A VEHICLE THROUGH WHICH WORKERS' COMPENSATION BENEFITS ARE PROVIDED TO PLAN 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 $1,114,033

Investment Income $58,745

Other Revenue $4,895

TOTAL REVENUE $1,177,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $165,304

TOTAL EXPENSES $1,448,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,177,673	$1,449,105	-0.2%
Expenses	$1,448,391	$1,391,668	+0.0%
Net Income	$-270,718	$57,437	-5.7%

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

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

$460,751

Total Directors

$1,837,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BRESLIN	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
BOB ERSKINE	TRUSTEE	1.00	Director	$0	$0	$0
TREVOR NEWQUIST	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR SELLA	TRUSTEE	1.00	Director	$0	$0	$0
OSCAR DE LA TORRE	TRUSTEE	1.00	Director	$0	$0	$0
DAN REDING	TRUSTEE	1.00	Director	$0	$75,642	$390,563
JAY BRADSHAW	CO-CHAIRMAN	1.00	Officer Director	$0	$136,716	$460,751
DAVID THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
DERMOT FALLON	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN MATHEWS	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT LITTLEHALE	TRUSTEE	1.00	Director	$0	$107,591	$313,368
STEVE INGERSOLL	TRUSTEE	1.00	Director	$0	$72,558	$334,221
JUSTIN DISTON	TRUSTEE (AS OF AUG '24)	1.00	Director	$0	$75,642	$338,622

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	$1,177,673	$1,448,391	$1,416,023	$-270,718
2023	$1,449,105	$1,391,668	$1,736,515	$57,437
2022	$1,262,016	$1,320,376	$1,595,854	$-58,360
2021	$1,226,890	$1,190,697	$1,666,292	$36,193
2020	$1,384,715	$1,148,654	$1,617,485	$236,061
2019	$1,726,778	$1,106,983	$1,406,067	$619,795
2018	$1,394,623	$1,126,957	$759,625	$267,666

BASIC CRAFTS WORKERS' COMPENSATION BENEFITS TRUST FUND