PINNACLE WEST CAPITAL CORPORATION UNION HEALTH BENEFITS MASTER TRUST (EIN 860748214) - 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

Legal Domicile

Principal Officer

BRIAN HAWKO

Phone

6176649564

Tax Period

2023-01-01 to 2023-12-31

PINNACLE WEST CAPITAL CORPORATION UNION HEALTH BENEFITS MASTER TRUST is a mid-sized nonprofit in the Mutual Benefit sector that reported $30.4M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10.7M, a strong 35% operating margin.

Mission

PROVIDE BENEFITS TO ELIGIBLE MEMBERS

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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 $30,371,495

Other Revenue $0

TOTAL REVENUE $30,371,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $231,338

TOTAL EXPENSES $19,673,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,371,495	$51,792,627	-0.4%
Expenses	$19,673,270	$21,127,536	-0.1%
Net Income	$10,698,225	$30,665,091	-0.7%

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
STATE STREET BANK TRUST CO	TRUSTEE	1.0		$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	$30,371,495	$19,673,270	$433,504,317	$10,698,225
2022	$51,792,627	$21,127,536	$458,793,147	$30,665,091
2022	$-403,891,634	$2,304,050	$71,411,243	$-406,195,684
2021	$13,509,022	$19,683,302	$486,686,678	$-6,174,280
2020	$39,110,670	$21,080,078	$491,970,219	$18,030,592
2019	$-27,803,477	$22,118,243	$444,888,045	$-49,921,720

PINNACLE WEST CAPITAL CORPORATION UNION HEALTH BENEFITS MASTER TRUST