TIMBER PRODUCTS MANUFACTURERS TRUST

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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

1960

Legal Domicile

Principal Officer

J MICHAEL CLEMENTS

Phone

5095354646

Tax Period

2024-01-01 to 2024-12-31

TIMBER PRODUCTS MANUFACTURERS TRUST, founded in 1960, is a mid-sized nonprofit that reported $63.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE AND MAINTAIN, THROUGH SELF-INSURANCE AND/OR BY ISSUED POLICIES, HEALTH CARE BENEFITS TO THE EMPLOYEES OF THE PARTICIPATING EMPLOYERS AND THE EMPLOYEES' QUALIFIED DEPENDENTS.

Program Service Accomplishments

Program 1

THE TRUST WAS ESTABLISHED TO PROVIDE AND MAINTAIN A PROGRAM OF HEALTH & WELFARE BENEFITS CONSTITUTING AN "EMPLOYEE WELFARE BENEFIT PLAN" FOR THE EXCLUSIVE BENEFIT OF EMPLOYEES OF PARTICIPATING...

THE TRUST WAS ESTABLISHED TO PROVIDE AND MAINTAIN A PROGRAM OF HEALTH & WELFARE BENEFITS CONSTITUTING AN "EMPLOYEE WELFARE BENEFIT PLAN" FOR THE EXCLUSIVE BENEFIT OF EMPLOYEES OF PARTICIPATING EMPLOYERS OF THE TIMBER PRODUCTS MANUFACTURERS ASSOCIATION, AND THOSE EMPLOYEES' COVERED DEPENDENTS.

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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 $62,564,314

Investment Income $482,447

Other Revenue $0

TOTAL REVENUE $63,046,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,947,020

TOTAL EXPENSES $61,795,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,046,761	$67,100,623	-0.1%
Expenses	$61,795,094	$69,520,695	-0.1%
Net Income	$1,251,667	$-2,420,072	-1.5%

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

N/A

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
MIKE CLEMENTS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ADRIENNE TORRE	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
WENDY DALRYMPLE	TRUSTEE	2.00	Director	$0	$0	$0
TALIA DOMENICO	TRUSTEE	2.00	Director	$0	$0	$0
JIM PALMER	TRUSTEE	2.00	Director	$0	$0	$0
LARRY SCHMEDDING JR	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW TOMLINSON	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD MOLENDA	TRUSTEE	2.00	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	$63,046,761	$61,795,094	$28,683,469	$1,251,667
2023	$67,100,623	$69,520,695	$27,207,447	$-2,420,072
2022	$64,220,730	$66,700,137	$26,832,892	$-2,479,407
2021	$56,966,286	$55,867,067	$29,029,210	$1,099,219
2020	$50,258,073	$44,651,545	$26,516,347	$5,606,528
2019	$42,307,653	$38,760,306	$20,224,026	$3,547,347
2018	$44,012,480	$36,452,818	$17,384,631	$7,559,662