WAYNE J GRIFFIN ELECTRIC INC WELFARE BENEFIT PLAN TRUST (EIN 846474734) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

GERARD RICHARDS

Phone

5084298830

Tax Period

2024-07-01 to 2025-06-30

WAYNE J GRIFFIN ELECTRIC INC WELFARE BENEFIT PLAN TRUST, founded in 2019, is a mid-sized nonprofit in the Mutual Benefit sector that reported $20.4M in total revenue in fiscal year 2024. Expenses of $22.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE WAYNE J. GRIFFIN ELECTRIC, INC. WELFARE BENEFIT PLAN TRUST (THE "TRUST") FUNDS BENEFITS AND ASSOCIATED EXPENSES UNDER THE WAYNE J. GRIFFIN ELECTRIC, INC. WELFARE BENEFIT PLAN (THE "PLAN") WHICH IS A SELF-FUNDED, EMPLOYER-SPONSORED GROUP HEALTH PLAN.THE PURPOSE OF THE PLAN IS TO PROVIDE MEDICAL AND DENTAL HEALTH PLAN RELATED BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS WHO ARE IN NEED OF MEDICAL AND DENTAL HEALTH INSURANCE AND/OR CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,446,472

Investment Income $1,948

Other Revenue $0

TOTAL REVENUE $20,448,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,526,851

Other Expenses $22,526,851

TOTAL EXPENSES $22,526,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,448,420	$19,573,265	+0.0%
Expenses	$22,526,851	$18,409,445	+0.2%
Net Income	$-2,078,431	$1,163,820	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
WAYNE J GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE J GRIFFIN	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
2025	$20,448,420	$22,526,851	$3,157,384	$-2,078,431
2024	$19,573,265	$18,409,445	$4,850,497	$1,163,820
2023	$22,509,122	$22,130,916	$3,422,305	$378,206
2022	$21,644,115	$21,056,216	$1,046,484	$587,899
2021	$18,092,130	$18,586,719	$458,585	$-494,589

WAYNE J GRIFFIN ELECTRIC INC WELFARE BENEFIT PLAN TRUST