GLAZING HEALTH AND WELFARE TRUST (EIN 886023293) - 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

1974

Legal Domicile

Principal Officer

TERRY MAYFIELD

Phone

7024152180

Tax Period

2024-07-01 to 2025-06-30

GLAZING HEALTH AND WELFARE TRUST, founded in 1974, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.2M, a strong 49% operating margin.

Mission

TO PROVIDE HEALTH, ACCIDENT, LIFE, VISION, DENTAL & DISABILITY INSURANCE COVERAGE TO PARTICIPANTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,312,806

Investment Income $493,023

Other Revenue $4,656,144

TOTAL REVENUE $10,461,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $674,710

TOTAL EXPENSES $5,307,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,461,973	$8,752,881	+0.2%
Expenses	$5,307,880	$5,231,220	+0.0%
Net Income	$5,154,093	$3,521,661	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
ROBERT WILLIAMS	CO-CHAIRMAN/LABOR TRUSTEE	1.00	Director	$0	$0	$0
TERRY MAYFIELD	CO-CHAIRMAN/MGMT TRUSTEE	1.00	Director	$0	$0	$0
GENE SHAFFER	MGMT. TRUSTEE	1.00	Director	$0	$0	$0
KEITH MARKLAND	LABOR TRUSTEE	1.00	Director	$0	$0	$0
DANIEL LINCOLN	LABOR TRUSTEE	1.00	Director	$0	$0	$0
CHARLES SPROUL	MGMT. TRUSTEE	1.00	Director	$0	$0	$0
MIKE DAVIS	MGMT. TRUSTEE (ALTERNATE)	1.00	Director	$0	$0	$0
GARRETT JEPPESEN	LABOR TRUSTEE (ALTERNATIVE	1.00	Director	$0	$0	$0
GUSTAVO PIMENTEL	LABOR TRUSTEE (ALTERNATIVE	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	$10,461,973	$5,307,880	$14,828,297	$5,154,093
2024	$8,752,881	$5,231,220	$14,002,717	$3,521,661
2023	$5,869,671	$7,504,748	$12,269,965	$-1,635,077
2022	$9,694,705	$3,983,240	$9,542,843	$5,711,465
2021	$5,691,106	$14,433,217	$9,863,554	$-8,742,111
2020	$5,633,230	$7,299,719	$8,788,682	$-1,666,489
2018	$4,797,781	$3,979,439	$6,883,668	$818,342

GLAZING HEALTH AND WELFARE TRUST