ASSOCIATED GENERAL CONTRACTORS HEA… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

CHERYL STEWART

Phone

4257717359

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATED GENERAL CONTRACTORS HEALTH BENEFIT TRUST-ALASKA/WASHINGTON CHAPTERS, founded in 1954, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.7M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE BENEFITS FOR THE EMPLOYEES OF THE TRUSTS' MEMBERS.

Program Service Accomplishments

Program 1

THE PLAN PROVIDES MEDICAL, DENTAL, VISION, LIFE, PRESCRIPTION DRUG, AND ACCIDENTAL DEATH AND DISMEMBERMENT THROUGH GROUP INSURANCE POLICIES FOR ELIGIBLE MEMBERS AS SPECIFIED IN THE PLAN.

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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 $12,696,328

Investment Income $42,087

Other Revenue $0

TOTAL REVENUE $12,738,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,031,059

TOTAL EXPENSES $12,662,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,738,415	$10,519,538	+0.2%
Expenses	$12,662,145	$10,465,981	+0.2%
Net Income	$76,270	$53,557	+0.4%

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

$202,191

Total Directors

$446,302

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL STEWART	CHAIRPERSON	1.00	Officer Director	$0	$26,870	$202,191
SONJA FORSTER	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
ALICIA AMBERG	TRUSTEE	1.00	Director	$0	$30,839	$244,111
HAL OPHUS	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	$12,738,415	$12,662,145	$1,427,957	$76,270
2022	$10,519,538	$10,465,981	$1,377,987	$53,557
2021	$11,953,898	$11,919,340	$1,498,330	$34,558
2020	$12,966,025	$12,796,821	$1,561,508	$169,204
2019	$10,746,219	$10,710,861	$1,341,310	$35,358
2018	$9,104,356	$9,045,055	$1,272,294	$59,301

ASSOCIATED GENERAL CONTRACTORS HEALTH BENEFIT TRUST-ALASKA/WASHINGTON CHAPTERS