SUPPLEMENTAL UNEMPLOYMENT BENEFIT … - 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

RICHARD E FORRESTEL JR

Phone

7165422011

Tax Period

2023-04-01 to 2024-03-31

Mission

TO SUPPLEMENT STATE UNEMPLOYMENT BENEFITS, NOT TO REPLACE OR DUPLICATE THEM, FOR COVERED EMPLOYEES OF COLD SPRING CONSTRUCTION COMPANY WHILE ON LAYOFF.

Program Service Accomplishments

Program 1

IN NO EVENT SHALL TRUST FUNDS BE USED TO PAY ADMINISTRATIVE COSTS TO THE EXTENT SUCH COSTS EXCEED TRUST EARNINGS DURING A PLAN YEAR IN WHICH SUCH COST ARE INCURRED. THEREFORE, EXCESS ADMINISTRATIVE...

Program 2

Expenses: $1,009

2 EMPLOYEES OF COLD SPRING CONSTRUCTION COMPANY WERE COVERED DURING THE CURRENT YEAR. THE OBJECTIVE IS TO COVER ALL ELIGIBLE EMPLOYEES OF COLD SPRING CONSTRUCTION COMPANY WITH SUPPLEMENTAL...

2 EMPLOYEES OF COLD SPRING CONSTRUCTION COMPANY WERE COVERED DURING THE CURRENT YEAR. THE OBJECTIVE IS TO COVER ALL ELIGIBLE EMPLOYEES OF COLD SPRING CONSTRUCTION COMPANY WITH SUPPLEMENTAL UNEMPLOYMENT BENEFITS WHILE ON LAYOFF.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,009

Other Expenses $0

TOTAL EXPENSES $1,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$961,656	-1.0%
Expenses	$1,009	N/A	N/A
Net Income	N/A	$961,656	N/A

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
RICHARD E FORRESTEL JR	TRUSTEE	0.30	Director	$0	$0	$0
RYAN M FORRESTEL	TRUSTEE	0.10	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	No data	$1,009	No data	No data
2023	$961,656	No data	$2,017	No data
2022	$1,569,968	$1,569,968	$2,017	No data
2021	$1,511,416	$1,511,416	$2,017	No data
2020	$1,603,912	$1,603,912	$2,331	No data
2019	$1,406,774	$1,406,830	$2,331	$-56
2018	$1,342,943	$1,342,146	$2,387	$797

SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN FOR EMPLOYEES OF COLD SPRING CONST CO