RL FORTNEY MANAGEMENT INC HEALTH B… - 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

2006

Legal Domicile

Principal Officer

MITCH LAPIN

Phone

4407164000

Tax Period

2023-11-01 to 2024-10-31

RL FORTNEY MANAGEMENT INC HEALTH BENEFITS TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 5% surplus.

Mission

TO PROVIDE MEDICAL AND MEDICAL RELATED BENEFITS TO ELIGIBLE EMPLOYEES OF THE FORTNEY COMPANIES.

Program Service Accomplishments

Program 1

TO PROVIDE MEDICAL AND MEDICAL RELATED BENEFITS FOR THE EMPLOYEES OF THE FORTNEY COMPANIES IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE R.L. FORTNEY MANAGEMENT, INC. VOLUNTARY EMPLOYEES'...

TO PROVIDE MEDICAL AND MEDICAL RELATED BENEFITS FOR THE EMPLOYEES OF THE FORTNEY COMPANIES IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE R.L. FORTNEY MANAGEMENT, INC. VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) AND THE RELATED BENEFITS TRUST.

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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 $1,464,658

Investment Income $37

Other Revenue $252,714

TOTAL REVENUE $1,717,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $58

TOTAL EXPENSES $1,634,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,717,409	$1,097,411	+0.6%
Expenses	$1,634,481	$1,228,249	+0.3%
Net Income	$82,928	$-130,838	-1.6%

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

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
MITCH LAPIN	PRESIDENT/TRUSTEE	1.00	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	$1,717,409	$1,634,481	$142,073	$82,928
2023	$1,097,411	$1,228,249	$59,145	$-130,838
2022	$1,603,370	$1,452,727	$189,983	$150,643
2021	$1,884,197	$1,960,950	$39,340	$-76,753
2020	$2,039,585	$1,940,039	$116,093	$99,546
2019	$3,468,081	$3,951,281	$16,547	$-483,200
2018	$2,757,350	$2,336,499	$499,747	$420,851

RL FORTNEY MANAGEMENT INC HEALTH BENEFITS TRUST