DENTAL BENEFITS PLAN OF THE ELEVATOR INDUSTRY (EIN 115219005) - 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

1981

Legal Domicile

Principal Officer

HUMBERTO RESTREPO

Phone

7185912000

Tax Period

2023-10-01 to 2024-09-30

DENTAL BENEFITS PLAN OF THE ELEVATOR INDUSTRY, founded in 1981, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 9% surplus.

Mission

The Plan has as its principal activity the collection and investment of contributions received from elevator contractors ("Participating Employers") for the purpose of providing group dental benefits to members of Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO.

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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 $3,009,901

Investment Income $83,042

Other Revenue $0

TOTAL REVENUE $3,092,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $246,636

TOTAL EXPENSES $2,817,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,092,943	$2,860,489	+0.1%
Expenses	$2,817,374	$2,854,547	0.0%
Net Income	$275,569	$5,942	+45.4%

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

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
John Marcato	Board Member	1	Director	$0	$0	$0
Robert Martin	Board Member	1	Director	$0	$0	$0
Jack Morgan Jr	Board Member	1	Director	$0	$0	$0
Jerry Marini	Board Member	1	Director	$0	$0	$0
Lance Van Arsdale	Board Member	1	Director	$0	$0	$0
Robert Olenick	Board Member	1	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	$3,092,943	$2,817,374	$3,257,179	$275,569
2023	$2,860,489	$2,854,547	$2,752,111	$5,942
2022	$1,895,528	$2,710,100	$2,708,459	$-814,572
2021	$2,028,060	$2,729,136	$3,994,328	$-701,076
2020	$1,816,588	$2,488,195	$4,728,260	$-671,607
2019	$1,693,208	$2,832,230	$5,144,272	$-1,139,022
2018	$2,474,472	$2,459,044	$5,867,647	$15,428

DENTAL BENEFITS PLAN OF THE ELEVATOR INDUSTRY