BCBSM BARGAINING UNIT INTERNAL HEALTH BENEFIT TRUST (EIN 846869872) - 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

2019

Legal Domicile

Principal Officer

WAYMOND HARRIS

Phone

3139831633

Tax Period

2023-01-01 to 2023-12-31

BCBSM BARGAINING UNIT INTERNAL HEALTH BENEFIT TRUST, founded in 2019, is a micro nonprofit in the Mutual Benefit sector that reported $12.1M in total revenue in fiscal year 2023.

Mission

THE TRUST WAS CREATED FOR THE EXCLUSIVE PURPOSE OF PROVIDING HEALTH BENEFITS TO ELIGIBLE EMPLOYEES OF BLUE CROSS BLUE SHIELD OF MICHIGAN.

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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 $0

Investment Income $-12,129,760

Other Revenue $0

TOTAL REVENUE $-12,129,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,316

Fundraising Expenses $0

Other Expenses $695,876

TOTAL EXPENSES $47,226,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-12,129,760	$-15,598,847	-0.2%
Expenses	$47,226,304	$17,432,243	+1.7%
Net Income	$-59,356,064	$-33,031,090	+0.8%

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
WAYMOND HARRIS	ADMINISTRATIVE COMMITTEE MEMBER	0.30	Director	$0	$0	$0
PAUL MOZAK	ADMINISTRATIVE COMMITTEE MEMBER	0.20	Director	$0	$0	$0
LAURINE PARMELY	ADMINISTRATIVE COMMITTEE MEMBER	0.20	Director	$0	$0	$0
JASON PISARIK	ADMINISTRATIVE COMMITTEE MEMBER	0.20	Director	$0	$0	$0
YVONNE TRUPIANO	ADMINISTRATIVE COMMITTEE MEMBER	0.20	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$86,316	$0	$86,316

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	$-12,129,760	$47,226,304	$423,292,608	$-59,356,064
2022	$-15,598,847	$17,432,243	$417,631,947	$-33,031,090
2021	$8,438,746	$19,588,815	$548,679,607	$-11,150,069
2020	$4,356,382	$14,970,985	$536,842,931	$-10,614,603
2019	$541,582,836	No data	$541,582,836	No data

BCBSM BARGAINING UNIT INTERNAL HEALTH BENEFIT TRUST