KENCO GROUP INC VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST (EIN 202653381) - 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

SCOTT MAYFIELD

Phone

4237565552

Tax Period

2023-06-01 to 2024-05-31

KENCO GROUP INC VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST, founded in 2004, is a mid-sized nonprofit that reported $24.3M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE WELFARE BENEFITS TO ELIGIBLE EMPLOYEES.

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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 $24,257,670

Investment Income $0

Other Revenue $0

TOTAL REVENUE $24,257,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,175,127

TOTAL EXPENSES $24,102,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,257,670	$36,469,880	-0.3%
Expenses	$24,102,041	$38,042,935	-0.4%
Net Income	$155,629	$-1,573,055	-1.1%

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

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
DENIS REILLY	TRUSTEE	5.00	Director	$0	$0	$0
SCOTT MAYFIELD	TRUSTEE	5.00	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	$24,257,670	$24,102,041	No data	$155,629
2023	$36,469,880	$38,042,935	$113,719	$-1,573,055
2022	$34,228,815	$32,564,313	$1,686,774	$1,664,502
2021	$27,499,308	$27,515,130	$22,272	$-15,822
2020	$23,850,000	$23,853,680	$38,094	$-3,680
2019	$20,375,000	$20,379,546	$41,774	$-4,546
2018	$16,000,000	$16,195,097	$46,320	$-195,097

KENCO GROUP INC VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST