EUCLID HEALTH TRUST C/O BENEFITS ADMINISTRATIVE SERVICES

EIN: 202366635 Mutual Benefit

RICHMOND HEIGHTS, OH

Total Revenue
$43,682
Total Expenses
$551,118
Total Assets
$4,810,820
Net Assets
$4,789,835
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
OH
Principal Officer
TITO ANTONELLI
Phone
2162617860
Tax Period
2023-01-01 to 2023-12-31

EUCLID HEALTH TRUST C/O BENEFITS ADMINISTRATIVE SERVICES, founded in 2005, is a micro nonprofit in the Mutual Benefit sector that reported $44K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $551K exceeded revenue, resulting in a 1162% operating deficit.

Mission

EUCLID HEALTH TRUST (THE "TRUST") IS A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION ESTABLISHED TO PROVIDE HEALTH INSURANCE PREMIUM PAYMENT ASSISTANCE TO CERTAIN FORMER EMPLOYEES, SPOUSES, AND DEPENDENTS WHO PARTICIPATED IN BENEFIT PLANS OF EUCLID-HITACHI HEAVY EQUIPMENT, INC. ("EHHE"), ITS AFFILIATES AND/OR THEIR PREDECESSORS. THE PROVISION OF ASSISTANCE TO MEMBERS TO PAY THEIR HEALTH INSURANCE PREMIUMS, WHICH BEGAN IN MARCH OF 2005 AND WILL CONTINUE BOTH DURING AND AFTER THE LIQUIDATION OF EHHE, IS THE EXCLUSIVE ACTIVITY OF THE TRUST. SUCH ACTIVITY FURTHERS THE EXEMPT PURPOSES OF THE TRUST IN PROVIDING FOR HEALTH BENEFITS THAT SAFEGUARD OR IMPROVE THE HEALTH OF AN INDIVIDUAL. THE ACTIVITY IS CONDUCTED BY THE TRUSTEES OF THE TRUST OR OTHER PERSONS APPOINTED BY THE TRUSTEES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $43,682
Other Revenue $0
TOTAL REVENUE $43,682

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,000
Fundraising Expenses $0
Program Expenses $551,118
Other Expenses $30,181
TOTAL EXPENSES $551,118

Year-over-Year Comparison

2023 2022 Change
Revenue $43,682 $38,497 +0.1%
Expenses $551,118 $581,063 -0.1%
Net Income $-507,436 $-542,566 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
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
3
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TITO ANTONELLI TRUSTEE 5.00
Director
$15,900 $0 $15,900
MARK DELONG TRUSTEE 4.00
Director
$10,050 $0 $10,050
ROBERT IZO TRUSTEE 3.00
Director
$10,050 $0 $10,050
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 No data No data No data
2023 $43,682 $551,118 $4,810,820 $-507,436
2022 $38,497 $581,063 $4,745,158 $-542,566
2021 $36,275 $608,863 $6,139,833 $-572,588
2020 $36,622 $622,996 $6,619,716 $-586,374
2019 $40,641 $654,080 $6,482,665 $-613,439
2018 $39,226 $646,076 $6,528,093 $-606,850
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