PIEDMONT FEDERAL SAVINGS BANK RETIREE WELFARE BENEFIT PLAN AND TRUST AGREEMENT

EIN: 832152974 Mutual Benefit

WINSTONSALEM, NC

Total Revenue
$233,700
Total Expenses
$96,445
Total Assets
$5,353,567
Net Assets
$1,746,023
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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
2019
Legal Domicile
NC
Principal Officer
TC HINKLE
Phone
3367701091
Tax Period
2025-01-01 to 2025-12-31

PIEDMONT FEDERAL SAVINGS BANK RETIREE WELFARE BENEFIT PLAN AND TRUST AGREEMENT, founded in 2019, is a small nonprofit in the Mutual Benefit sector that reported $234K in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 59% operating margin.

Mission

THE PLAN WAS ESTABLISHED FOR THE EXCLUSIVE PURPOSE OF PROVIDING MEDICAL BENEFITS TO THE ELIGIBLE RETIREES OF PIEDMONT FEDERAL SAVINGS BANK.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $233,646
Other Revenue $54
TOTAL REVENUE $233,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $96,445
TOTAL EXPENSES $96,445

Year-over-Year Comparison

2025 2024 Change
Revenue $233,700 $194,257 +0.2%
Expenses $96,445 $68,771 +0.4%
Net Income $137,255 $125,486 +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

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Governance

Voting Members
12
Independent Members
12
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
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES R HELVEY III TRUSTEE 1.00
Director
$0 $0 $0
JOHN MARTIN TRUSTEE 1.00
Director
$0 $0 $0
G WALKER DOUGLAS TRUSTEE 1.00
Director
$0 $0 $0
ALISON ASHE-CARD TRUSTEE 1.00
Director
$0 $0 $0
IRIS FAGUNDO COLE TRUSTEE 1.00
Director
$0 $0 $0
VIRGINIA O HARDESTY TRUSTEE 1.00
Director
$0 $0 $0
DR HAROLD L MARTIN SR TRUSTEE 1.00
Director
$0 $0 $0
CATHERINE B ROBBINS TRUSTEE 1.00
Director
$0 $0 $0
RICHARD E SHORE JR TRUSTEE 1.00
Director
$0 $0 $0
RENEE SHAW TRUSTEE 1.00
Director
$0 $0 $0
SCOTT E CAWOOD CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID P BARKSDALE CEO 1.00
Officer 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
2025 $233,700 $96,445 $5,353,567 $137,255
2024 $194,257 $68,771 $4,820,189 $125,486
2023 $131,349 $44,626 $4,357,768 $86,723
2022 $42,575 $116,010 $3,859,139 $-73,435
2021 $242,513 $54,190 $4,721,362 $188,323
2020 $172,656 $55,727 $4,280,048 $116,929
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