AMSEC LLC EMPLOYEE HEALTH & WELFARE BENEFIT TRUST

EIN: 202038384

VIRGINIA BEACH, VA

Total Revenue
$3,598
Total Expenses
$790,628
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
VA
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 community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $440K, a strong 34% operating margin.

Mission

PROVIDE SHORT TERM DISABILITY BENEFITS TO EMPLOYEES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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