AMSEC LLC EMPLOYEE HEALTH & WELFAR… - 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

2004

Legal Domicile

Principal Officer

KELLY CARLAN

Phone

7574636666

Tax Period

2019-07-01 to 2020-03-31

AMSEC LLC EMPLOYEE HEALTH & WELFARE BENEFIT TRUST, founded in 2004, is a micro nonprofit that reported $4K in total revenue in fiscal year 2019. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $791K exceeded revenue, resulting in a 21874% operating deficit.

Mission

TO PROVIDE TEMPORARY INCOME PROTECTION FOR ELIGIBLE EMPLOYEES OF THE COMPANY WHO, FOR MEDICAL REASONS, NEED TO BE OUT OF WORK.

Program Service Accomplishments

Program 1

Expenses: $80,075

PROVIDE SHORT TERM DISABILITY BENEFITS TO EMPLOYEES

Program 2

Expenses: $710,553

THE ORGANIZATION PROVIDED DISTRIBUTIONS TO EMPLOYEES TO CLOSE OUT THE OPERATIONS OF THE BENEFIT PLAN.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,598

Other Revenue $0

TOTAL REVENUE $3,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $790,628

Other Expenses $741,473

TOTAL EXPENSES $790,628

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,598	$1,295,993	-1.0%
Expenses	$790,628	$856,402	-0.1%
Net Income	$-787,030	$439,591	-2.8%

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
N/A	PLAN ADMINISTRATOR	5.00		$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
2020	$3,598	$790,628	No data	$-787,030
2019	$1,295,993	$856,402	$787,030	$439,591

AMSEC LLC EMPLOYEE HEALTH & WELFARE BENEFIT TRUST