FERGUSON ELECTRIC & FERGUSON MECH EMPLOYEES WELFARE BENEFITS TRUST

EIN: 847006482 Mutual Benefit

PLAINVILLE, CT

Total Revenue
$3,165,470
Total Expenses
$3,235,135
Total Assets
$278,538
Net Assets
$178,538
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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
2020
Legal Domicile
CT
Principal Officer
RYAN FERGUSON
Phone
8605173284
Tax Period
2023-01-01 to 2023-12-31

FERGUSON ELECTRIC & FERGUSON MECH EMPLOYEES WELFARE BENEFITS TRUST, founded in 2020, is a community nonprofit in the Mutual Benefit sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

EMPLOYEE WELFARE BENEFITS PLAN FOR FERGUSON ELECTRIC AND FERGUSON MECHANICAL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,165,470
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,165,470

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $16
TOTAL EXPENSES $3,235,135

Year-over-Year Comparison

2023 2022 Change
Revenue $3,165,470 $2,517,530 +0.3%
Expenses $3,235,135 $2,657,427 +0.2%
Net Income $-69,665 $-139,897 -0.5%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN FERGUSON 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
2024 No data No data No data No data
2023 $3,165,470 $3,235,135 $278,538 $-69,665
2022 $2,517,530 $2,657,427 $348,203 $-139,897
2021 $2,678,425 $2,610,025 $488,100 $68,400
2020 $1,711,405 $1,391,705 $419,700 $319,700
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