MCOFU RETIREE HEALTH AND WELFARE P… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

PAUL SMITH

Phone

8003464935

Tax Period

2023-01-01 to 2023-12-31

MCOFU RETIREE HEALTH AND WELFARE PLAN TRUST, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $921K, a strong 69% operating margin.

Mission

TO PROVIDE DENTAL AND VISION CARE BENEFITS TO ELIGIBLE PARTICIPANTS PURSUANT TO THE FUND'S PLAN OF BENEFITS.

Program Service Accomplishments

Program 1

TO PROVIDE DENTAL AND VISION CARE BENEFITS TO ELIGIBLE PARTICIPANTS PURSUANT TO THE FUND'S PLAN OF BENEFITS.

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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 $1,088,669

Investment Income $249,779

Other Revenue $0

TOTAL REVENUE $1,338,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $86,761

TOTAL EXPENSES $417,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,338,448	$1,466,078	-0.1%
Expenses	$417,283	$356,994	+0.2%
Net Income	$921,165	$1,109,084	-0.2%

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
DENNIS MARTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD MEDEIROS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM GLEASON	TREASURER	1.00	Officer Director	$0	$0	$0
GREGORY DOMINIQUE	EXECUTIVE SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC CAMBRA	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW BELLANY	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN FLANAGAN	TRUSTEE	1.00	Director	$0	$0	$0
PAUL SMITH	ADMINISTRATOR (NON-VOTING)	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	$1,338,448	$417,283	$12,271,328	$921,165
2022	$1,466,078	$356,994	$9,648,273	$1,109,084
2021	$1,401,304	$242,909	$10,161,824	$1,158,395
2020	$1,491,021	$168,401	$7,862,878	$1,322,620
2019	$1,409,556	$101,934	$5,818,375	$1,307,622

MCOFU RETIREE HEALTH AND WELFARE PLAN TRUST