FIRST AMERICAN BANK WELFARE BENEFIT PLAN

EIN: 856091798

Artesia, NM

Total Revenue
$2,265,248
Total Expenses
$2,287,837
Total Assets
$179,138
Net Assets
$179,138
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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
1987
Legal Domicile
NM
Principal Officer
Brett deMilliano
Phone
5757368935
Tax Period
2024-01-01 to 2024-12-31

FIRST AMERICAN BANK WELFARE BENEFIT PLAN, founded in 1987, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024.

Mission

Employee Welfare Benefits Plan to provide health, medical and similar benefits. This plan is self-insured.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,256,554
Investment Income $8,694
Other Revenue $0
TOTAL REVENUE $2,265,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $775,889
TOTAL EXPENSES $2,287,837

Year-over-Year Comparison

2024 2023 Change
Revenue $2,265,248 $2,304,522 0.0%
Expenses $2,287,837 $2,355,077 0.0%
Net Income $-22,589 $-50,555 -0.6%
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
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brett deMilliano EVP\CFO 0
Officer
$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 $2,265,248 $2,287,837 $179,138 $-22,589
2023 $2,304,522 $2,355,077 $201,727 $-50,555
2022 $2,235,416 $2,151,035 $252,282 $84,381
2021 $2,312,819 $2,180,171 $167,901 $132,648
2020 $2,221,881 $2,225,867 $35,253 $-3,986
2019 $1,885,929 $1,892,091 $39,239 $-6,162
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