FARMINGDALE FEDERATION OF TEACHERS BENEFIT FUND (EIN 112352476) - 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

1975

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

FARMINGDALE FEDERATION OF TEACHERS BENEFIT FUND, founded in 1975, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $955K left a modest 8% surplus.

Mission

THE ORGANIZATION PROVIDES DENTAL, VISION AND INSURANCE BENEFITS TO MEMBERS OF THE FARMINGDALE FEDERATION OF TEACHERS. THE AVERAGE NUMBER OF MEMBERS THAT RECEIVED DENTAL, VISION, AND LIFE INSURANCE BENEFITS DURING THE FISCAL YEAR WAS 774.

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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 $1,016,373

Investment Income $26,648

Other Revenue $0

TOTAL REVENUE $1,043,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $955,200

Other Expenses $99,775

TOTAL EXPENSES $955,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,043,021	$1,004,267	+0.0%
Expenses	$955,200	$845,745	+0.1%
Net Income	$87,821	$158,522	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA WRIGHT	TRUSTEE	5.00	Director	$0	$0	$0
CANDICE COLLAZO	TRUSTEE	5.00	Director	$0	$0	$0
JANET DIESO	TRUSTEE	5.00	Director	$0	$0	$0
CORDELIA ANTHONY	TRUSTEE	5.00	Director	$0	$0	$0
SUSAN KRELL	CHAIRMAN	5.00	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
2024	$1,043,021	$955,200	$1,464,139	$87,821
2023	$1,004,267	$845,745	$1,330,430	$158,522
2022	$970,111	$924,498	$1,406,486	$45,613
2022	$977,724	$785,209	$1,392,267	$192,515
2021	$993,955	$893,563	$1,311,896	$100,392
2020	$970,311	$689,216	$1,201,690	$281,095
2019	$959,906	$973,779	$979,243	$-13,873

FARMINGDALE FEDERATION OF TEACHERS BENEFIT FUND