Clyde Companies Inc Welfare Benefi… - 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

2018

Legal Domicile

Principal Officer

Jeremy Hafen

Phone

8012349018

Tax Period

2023-01-01 to 2023-12-31

Clyde Companies Inc Welfare Benefits Trust, founded in 2018, is a mid-sized nonprofit in the Mutual Benefit sector that reported $46.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Voluntary employees' benefit association (VEBA) trust established for the employees of Clyde Companies, Inc. and its wholly-owned subsidiaries: W.W. Clyde & Co, Bridgesource, Geneva Rock Products Inc., GWC Captial, LLC, IHC Scott, Inc., Sunroc Corporation, Beehive Insurance Agency, Inc., and Sunpro Corporation.

Program Service Accomplishments

Program 1

Providing health and welfare benefits for employees of Clyde Companies, Inc. and subsidiaries.

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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 $46,028,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,028,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,489,890

TOTAL EXPENSES $45,484,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,028,250	$41,209,018	+0.1%
Expenses	$45,484,228	$41,535,830	+0.1%
Net Income	$544,022	$-326,812	-2.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wilford Clyde	Trustee	1.00	Director	$0	$0	$0
Jeremy Hafen	Trustee	1.00	Officer Director	$0	$0	$0
Ray Gammell	Trustee	1.00	Director	$0	$0	$0
CA Larson	Trustee	1.00	Director	$0	$0	$0
Michael Clyde	Trustee	1.00	Director	$0	$0	$0
Harold Clyde	Trustee	1.00	Director	$0	$0	$0
Adam Cook	Trustee	1.00	Director	$0	$0	$0
Lance Clyde	Trustee	1.00	Director	$0	$0	$0
Jeffrey Clyde	Trustee	1.00	Director	$0	$0	$0
Michelle Hill	Total Reward Dir.	0.00	Officer	$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	$46,028,250	$45,484,228	$550,558	$544,022
2022	$41,209,018	$41,535,830	$6,536	$-326,812
2021	$38,385,657	$38,330,622	$333,348	$55,035

Clyde Companies Inc Welfare Benefits Trust