PHILLIPS AND JORDAN INCORPORATED V… - 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

2007

Legal Domicile

Principal Officer

JASON GARNER

Phone

8656888342

Tax Period

2023-01-01 to 2023-12-31

PHILLIPS AND JORDAN INCORPORATED VOLUNTARY EMPLOYEE BENEFITS TRUST, founded in 2007, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.8M in total revenue in fiscal year 2023.

Mission

PROVISION OF MEDICAL BENEFITS FOR PLAN PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $8,824,588 Revenue: $8,985,230

PROVISION OF COMPREHENSIVE HEALTHCARE COVERAGE FOR PLAN PARTICIPANTS.

Program 2

Expenses: $3,663,872 Revenue: $3,815,575

REINSURANCE AND VARIOUS OUTSIDE INSURANCE PREMIUMS TO BENEFIT PARTICIPANTS.

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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 $12,800,805

Investment Income $0

Other Revenue $6,064

TOTAL REVENUE $12,806,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,488,460

Other Expenses $3,663,872

TOTAL EXPENSES $12,488,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,806,869	$11,883,992	+0.1%
Expenses	$12,488,460	$12,037,306	+0.0%
Net Income	$318,409	$-153,314	-3.1%

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
JASON GARNER	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$12,806,869	$12,488,460	$1,007,752	$318,409
2022	$11,883,992	$12,037,306	$689,343	$-153,314
2021	$11,148,901	$10,367,477	$842,657	$781,424
2020	$10,562,648	$10,945,452	$542,151	$-382,804
2019	$9,885,549	$9,864,173	$758,552	$21,376
2018	$8,859,321	$8,745,812	$704,761	$113,509

PHILLIPS AND JORDAN INCORPORATED VOLUNTARY EMPLOYEE BENEFITS TRUST