MILES & STOCKBRIDGE HEALTH & WELFARE BENEFITS TRUST

EIN: 203987272

BALTIMORE, MD

Total Revenue
$3,764,039
Total Expenses
$4,421,335
Total Assets
N/A
Net Assets
N/A
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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
2005
Legal Domicile
MD
Principal Officer
JOSEPH HOVERMILL
Phone
4103853500
Tax Period
2021-01-01 to 2021-12-31

MILES & STOCKBRIDGE HEALTH & WELFARE BENEFITS TRUST, founded in 2005, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2021. Revenue decreased 10% compared to the prior year. Expenses of $4.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO FUND THE HEALTH AND WELFARE BENEFIT PLAN FOR THE EMPLOYEES OF MILES & STOCKBRIDGE P.C.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,764,031
Investment Income $8
Other Revenue $0
TOTAL REVENUE $3,764,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,421,335
Other Expenses $280,344
TOTAL EXPENSES $4,421,335

Year-over-Year Comparison

2021 2020 Change
Revenue $3,764,039 $4,193,372 -0.1%
Expenses $4,421,335 $4,074,265 +0.1%
Net Income $-657,296 $119,107 -6.5%
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
N/A
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
1
$2,287,690
Total Directors
1
$395,718
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYMBERLI WIMBISH TRUSTEE 2.50
Director
$0 $31,814 $395,718
JOSEPH HOVERMILL PLAN ADMINISTRATOR 2.50
Officer
$0 $43,970 $2,287,690
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
2021 $3,764,039 $4,421,335 No data $-657,296
2020 $4,193,372 $4,074,265 $657,296 $119,107
2019 $4,519,202 $4,562,378 $538,189 $-43,176
2018 $4,982,964 $5,282,404 $581,365 $-299,440
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