MEBA MEDICAL AND BENEFITS PLAN

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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

1950

Legal Domicile

Principal Officer

ADAM VOKAC - TRUSTEE

Phone

4105479111

Tax Period

2024-01-01 to 2024-12-31

MEBA MEDICAL AND BENEFITS PLAN, founded in 1950, is a mid-sized nonprofit that reported $55.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.9M, a strong 16% operating margin.

Mission

TO PROVIDE MEDICAL, DEATH AND DISMEMBERMENT, DENTAL, OPTICAL, ANNUAL DIAGNOSTIC EXAMS, DISABILITY, HEARING AIDS, WAGE INSURANCE, LEGAL AID AND CERTAIN OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

PROVIDED MEDICAL BENEFITS TO APPROXIMATELY 3,200 ACTIVE AND RETIRED PARTICIPANTS.

Program 2

PROVIDED FOR THE OPERATING COSTS OF 2 DIAGNOSTIC MEDICAL CENTERS AND FOR PARTICIPANT TRAVEL TO THOSE MEDICAL CENTERS.

Program 3

PROVIDED ADDITIONAL BENEFITS FOR APPROXIMATELY 3,200 ACTIVE AND RETIRED PARTICIPANTS IN THE WAY OF INSURANCE, LEGAL AID AND MEDICARE PREMIUM REIMBURSEMENTS.

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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 $41,966,724

Investment Income $6,635,156

Other Revenue $6,740,671

TOTAL REVENUE $55,342,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,279,623

Fundraising Expenses $0

Other Expenses $1,830,676

TOTAL EXPENSES $46,403,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,342,551	$44,789,944	+0.2%
Expenses	$46,403,228	$42,150,232	+0.1%
Net Income	$8,939,323	$2,639,712	+2.4%

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

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

$269,784

Total Directors

$2,161,565

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VOKAC ADAM	TRUSTEE - CHAIRMAN	2.00	Director	$0	$100,233	$387,051
CIMINI CLAUDIA	TRUSTEE	2.00	Director	$0	$95,362	$299,545
CALLAHAN JASON	TRUSTEE	2.00	Director	$0	$63,987	$268,170
DOHERTY RICHARD	TRUSTEE	2.00	Director	$0	$54,254	$232,706
REXHA ROLAND	TRUSTEE	2.00	Director	$0	$42,761	$270,647
SMITH ADAM	TRUSTEE	2.00	Director	$0	$49,133	$253,316
HANLEY EDWARD	TRUSTEE - SECRETARY	2.00	Director	$0	$0	$0
LABONTE MICHAEL	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$0
FARRAR BORIANA	TRUSTEE	2.00	Director	$0	$0	$0
THORTON WILLIAM	TRUSTEE	2.00	Director	$0	$0	$0
MOTE DAMON	TRUSTEE	2.00	Director	$0	$0	$0
SULLIVAN JOHN	TRUSTEE	2.00	Director	$0	$0	$0
DOUGLAS IRA	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$0
WASHBURN ED	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$0
WEISSMAN DAVID	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$0
BANCROFT KERRI	TRUSTEE	2.00	Director	$0	$0	$0
BALLENGER DUNCAN	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$0
GREENWAY NICOLE	ALTERNATE TRUSTEE	2.00	Director	$0	$46,123	$224,575
MENENDEZ JACK	ALTERNATE TRUSTEE	2.00	Director	$0	$47,104	$225,555
KURZ DONALD JR	TRUSTEE	2.00	Director	$0	$0	$0
MARSHALL DEANNA	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$0
CALLAHAN TIM	TRUSTEE	2.00	Director	$0	$0	$0
KELLY PATRICIA	EXECUTIVE DIRECTOR	40.00	Officer	$199,430	$70,354	$269,784
WAGNER JULIE A	PHYSICIAN	40.00	Highest	$181,490	$44,477	$225,967
FORTUNE KAREN	PENSION MANAGER	40.00	Highest	$132,523	$49,210	$181,733
STRANATHAN MATTHEW	IS MANAGER	40.00	Highest	$129,802	$51,515	$181,317
IACOBUCCI THOMAS	DIRECTOR OF OPERATIONS & IT	40.00	Highest	$152,937	$37,432	$190,369
MAYGERS JEFF	CONTROLLER	40.00	Highest	$152,494	$28,932	$181,426

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	$55,342,551	$46,403,228	$97,852,036	$8,939,323
2023	$44,789,944	$42,150,232	$89,622,179	$2,639,712
2022	$41,039,336	$42,471,959	$79,849,396	$-1,432,623
2021	$48,998,581	$43,001,187	$90,979,680	$5,997,394
2020	$43,075,265	$38,427,140	$89,258,952	$4,648,125
2019	$43,922,617	$42,781,034	$80,206,973	$1,141,583
2018	$40,311,813	$43,421,252	$73,883,076	$-3,109,439