HY-LINE VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION PLAN AND TRUST (EIN 201314610) - 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

2004

Legal Domicile

Principal Officer

MATT WITTKOP

Phone

5152256030

Tax Period

2024-07-01 to 2025-06-30

HY-LINE VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION PLAN AND TRUST, founded in 2004, is a micro nonprofit in the Mutual Benefit sector that reported $72K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $990K exceeded revenue, resulting in a 1270% operating deficit.

Mission

TO PROVIDE HEALTH NEEDS OF THE ADOPTING COMPANIES' EMPLOYEES AND THEIR DEPENDENTS.

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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 $72,261

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,250

TOTAL EXPENSES $990,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,261	$298,190	-0.8%
Expenses	$990,192	$1,033,522	0.0%
Net Income	$-917,931	$-735,332	+0.2%

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

$385,969

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT WITTKOP	TRUSTEE (START 6/2025)	0.00	Director	$0	$0	$228,570
THOMAS JORGENSEN	TRUSTEE (END 6/2025)	0.00	Director	$0	$0	$157,399

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	$72,261	$990,192	$9,492,005	$-917,931
2024	$298,190	$1,033,522	$9,585,104	$-735,332
2023	$139,351	$722,985	$9,510,983	$-583,634
2022	$545,917	$899,047	$9,432,522	$-353,130
2021	$851,592	$851,592	$11,003,305	No data

HY-LINE VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION PLAN AND TRUST