MARIST COLLEGE SUPPLEMENTAL HEALTH… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

Marist College

Phone

8455753000

Tax Period

2023-07-01 to 2024-06-30

MARIST COLLEGE SUPPLEMENTAL HEALTH COVERAGE P, founded in 1999, is a micro nonprofit in the Mutual Benefit sector that reported $71K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $125K exceeded revenue, resulting in a 76% operating deficit.

Mission

A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) TO FUND A REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT.

Program Service Accomplishments

Program 1

Expenses: $67,684

Health Reimbursement Arrangement funded by Marist College Supplemental Health Coverage Plan benefitting 33 participants throughout the plan year 2023.

Program 2

Revenue: $25,629

Marist College Supplemental Health Coverage Plan funded in part by $25,629 through employee contributions in 2023 Plan Year.

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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 $25,629

Investment Income $45,100

Other Revenue $0

TOTAL REVENUE $70,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,684

Other Expenses $56,862

TOTAL EXPENSES $124,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,729	$65,463	+0.1%
Expenses	$124,546	$101,620	+0.2%
Net Income	$-53,817	$-36,157	+0.5%

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
Christina Daniele	Trustee	1.0		$0	$61,945	$254,659

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	No data	No data	No data	No data
2024	$70,729	$124,546	$1,518,613	$-53,817
2023	$67,447	$101,620	$1,413,476	$-34,173
2022	$69,394	$88,000	$1,337,616	$-18,606
2021	$62,243	$88,504	$1,589,139	$-26,261
2018	$59,333	$91,375	$1,252,284	$-32,042

MARIST COLLEGE SUPPLEMENTAL HEALTH COVERAGE P