SUP Welfare Plan Inc (EIN 941243666) - 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

1966

Legal Domicile

Principal Officer

Matthew Henning

Phone

4157785490

Tax Period

2024-08-01 to 2025-07-31

SUP Welfare Plan Inc, founded in 1966, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2024. The organization ran a surplus of $3.2M, a strong 27% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS.

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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 $10,671,246

Investment Income $1,331,073

Other Revenue $3,973

TOTAL REVENUE $12,006,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $629,353

Fundraising Expenses $0

Other Expenses $552,951

TOTAL EXPENSES $8,777,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,006,292	$11,148,037	+0.1%
Expenses	$8,777,289	$8,742,211	+0.0%
Net Income	$3,229,003	$2,405,826	+0.3%

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

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

$155,617

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLECHANG	ADMINISTRATOR	15.0	Key Emp	$127,059	$28,558	$155,617
WILHEMINAALDAY	ACCOUNTANT	20.0	Highest	$86,619	$41,280	$127,899
DAVECONNOLLY	TRUSTEE (TERM)	0.5	Director	$0	$0	$0
MATTHEWHENNING	TRUSTEE	0.5	Director	$0	$0	$0
MICHAELLABONTE	TRUSTEE (TERM)	0.5	Director	$0	$0	$0
DANNYDEFANTI	TRUSTEE	0.5	Director	$0	$0	$0
JOE CURTIS	TRUSTEE	0.5	Director	$0	$0	$0
THOMAS PERCIVAL	TRUSTEE (TERMED)	0.5	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	$12,006,292	$8,777,289	$36,759,998	$3,229,003
2024	$11,148,037	$8,742,211	$33,866,233	$2,405,826
2023	$10,081,595	$7,683,462	$29,688,299	$2,398,133
2022	$10,011,190	$8,027,799	$27,621,810	$1,983,391
2021	$10,052,117	$7,962,391	$26,533,896	$2,089,726
2020	$9,813,720	$8,226,588	$25,293,210	$1,587,132
2019	$9,682,384	$7,839,842	$22,842,816	$1,842,542
2018	$9,730,146	$7,865,682	$20,193,869	$1,864,464

SUP Welfare Plan Inc