CF&I RETIREES' VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST (EIN 841232395) - 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

1993

Legal Domicile

Principal Officer

FRANK PAPISH JR

Phone

7197440043

Tax Period

2023-01-01 to 2023-12-31

CF&I RETIREES' VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST, founded in 1993, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $4.1M exceeded revenue, resulting in a 187% operating deficit.

Mission

PROVIDES COMPREHENSIVE MEDICAL COVERAGE AND LIFE INSURANCE BENEFITS FOR ALL ELIGIBLE PARTICIPANTS, AND MEDICAL COVERAGE FOR THEIR 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 $406,213

Investment Income $1,006,687

Other Revenue $0

TOTAL REVENUE $1,412,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $306,266

TOTAL EXPENSES $4,060,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,412,900	$1,023,375	+0.4%
Expenses	$4,060,510	$4,226,823	0.0%
Net Income	$-2,647,610	$-3,203,448	-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

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

$4,000

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK PAPISH JR	SECRETARY - MANAGEMENT TRUSTEE	3.00	Officer Director	$2,000	$0	$2,000
JOHN BARKER	MANAGEMENT TRUSTEE	3.00	Director	$2,000	$0	$2,000
RACHAEL DAVIS	UNION TRUSTEE	3.00	Director	$0	$0	$0
DAVID KINS	CHAIRMAN - UNION TRUSTEE	3.00	Officer Director	$2,000	$0	$2,000
JIM OLIVER	MANAGEMENT TRUSTEE	3.00	Director	$0	$0	$0
CHRIS YOUNGMARK	UNION TRUSTEE	3.00	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	$1,412,900	$4,060,510	$28,182,265	$-2,647,610
2022	$1,023,375	$4,226,823	$28,998,632	$-3,203,448
2021	$3,003,340	$4,037,085	$37,662,319	$-1,033,745
2020	$3,814,997	$4,763,020	$38,951,088	$-948,023
2019	$3,380,808	$5,285,872	$37,738,158	$-1,905,064
2018	$6,831,319	$8,792,779	$36,210,753	$-1,961,460

CF&I RETIREES' VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST