SUNWARD FINANCIAL CORPORATION EMPLOYEE BENEFITS TRUST (EIN 841102893) - 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

1988

Legal Domicile

Principal Officer

SUSAN ENGQUIST

Phone

3037584141

Tax Period

2023-01-01 to 2023-09-01

SUNWARD FINANCIAL CORPORATION EMPLOYEE BENEFITS TRUST, founded in 1988, is a small nonprofit that reported $687K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $810K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE TRUST'S SOLE PURPOSE IS TO MAINTAIN FUNDS WHICH WILL BE AVAILABLE TO PROVIDE HEALTH & WELFARE BENEFITS FOR COVERED EMPLOYEES AND DEPENDENTS.

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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 $687,034

Investment Income $0

Other Revenue $0

TOTAL REVENUE $687,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $760,274

Other Expenses $49,786

TOTAL EXPENSES $810,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$687,034	$1,084,426	-0.4%
Expenses	$810,060	$1,033,372	-0.2%
Net Income	$-123,026	$51,054	-3.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY WIRTH	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN ENGQUIST	TRUSTEE	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
2023	$687,034	$810,060	No data	$-123,026
2022	$1,084,426	$1,033,372	$123,026	$51,054
2021	$525,544	$538,337	$71,972	$-12,793
2020	$460,151	$448,563	$84,765	$11,588
2019	$323,360	$369,884	$73,177	$-46,524
2018	$251,726	$267,663	$119,701	$-15,937

SUNWARD FINANCIAL CORPORATION EMPLOYEE BENEFITS TRUST