GMP MEMBER DEATH BENEFIT FUND (EIN 826787909) - 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

2018

Legal Domicile

Principal Officer

CLAUDE R BEAUDIN

Phone

4125622400

Tax Period

2023-01-01 to 2023-12-31

GMP MEMBER DEATH BENEFIT FUND, founded in 2018, is a small nonprofit that reported $690K in total revenue in fiscal year 2023. Expenses of $22.9M exceeded revenue, resulting in a 3218% operating deficit.

Mission

THE PLAN IS A WELFARE BENEFIT PLAN THAT PROVIDES DEATH BENEFIT PAYMENTS TO MEMBERS OF THE FORMER GLASS, MOLDERS, POTTER, PLASTICS & ALLIED WORKERS INTERNATIONAL UNION (GMP), WHO SATISFY THE PLAN'S PARTICIPATION REQUIREMENTS.

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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

Investment Income $689,960

Other Revenue $0

TOTAL REVENUE $689,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,162,198

TOTAL EXPENSES $22,895,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$689,962	$-225,239	-4.1%
Expenses	$22,895,314	$25,828,264	-0.1%
Net Income	$-22,205,352	$-26,053,503	-0.1%

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

$464,392

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN E SHINN	TRUSTEE	0.50	Director	$0	$74,289	$261,294
CLAUDE R BEAUDIN	TRUSTEE	0.50	Director	$0	$63,582	$203,098

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	$689,962	$22,895,314	$12,117,398	$-22,205,352
2022	$-225,239	$25,828,264	$32,992,272	$-26,053,503
2021	$10,668,192	$1,537,405	$59,116,949	$9,130,787
2020	$1,114,375	$1,245,495	$58,501,350	$-131,120

GMP MEMBER DEATH BENEFIT FUND