Secure Benefit Services Inc (EIN 020616337) - 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

2007

Legal Domicile

Principal Officer

Michael Higbee

Phone

7278249912

Tax Period

2025-01-01 to 2025-12-31

Secure Benefit Services Inc, founded in 2007, is a small nonprofit in the Public & Societal Benefit sector that reported $580K in total revenue in fiscal year 2025.

Mission

To provide bill paying and cash management services to individuals on social security who are indigent and/or incapacited.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $580,149

Investment Income $0

Other Revenue $0

TOTAL REVENUE $580,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,457

Fundraising Expenses $0

Program Expenses $286,920

Other Expenses $332,687

TOTAL EXPENSES $579,144

Year-over-Year Comparison

	2025	2024	Change
Revenue	$580,149	$561,901	+0.0%
Expenses	$579,144	$576,849	+0.0%
Net Income	$1,005	$-14,948	-1.1%

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

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

$114,400

Total Directors

$114,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Higbee	President/Secretary	40.00	Officer Director	$114,400	$0	$114,400
Andrew Higbee	Vice President	2.00	Officer Director	$0	$0	$0
Paul Montgomery	Treasurer	2.00	Officer 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	$580,149	$579,144	$2,475,845	$1,005
2024	$561,901	$576,849	$2,146,921	$-14,948
2023	$612,926	$573,092	$2,793,295	$39,834
2022	$585,739	$576,282	$3,155,548	$9,457
2021	$465,106	$480,935	$3,124,100	$-15,829
2020	$407,806	$392,118	$3,174,302	$15,688
2019	$430,983	$462,557	$1,975,936	$-31,574
2018	$525,962	$493,799	$1,817,959	$32,163

Secure Benefit Services Inc