ERC INC VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION PLAN (EIN 207241699) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

DAVE ZOLET

Phone

2564303080

Tax Period

2023-01-01 to 2023-12-31

ERC INC VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION PLAN, founded in 2007, is a mid-sized nonprofit in the Mutual Benefit sector that reported $14.4M in total revenue in fiscal year 2018. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $13.8M left a modest 4% surplus.

Mission

TO FUND THE COST OF HEALTH CARE AND OTHER EMPLOYEE BENEFITS FOR THOSE EMPLOYEES OF THE COMPANY AND THEIR ELIGIBLE DEPENDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,514,819

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,514,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $921,991

TOTAL EXPENSES $17,015,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,514,819	$15,619,392	+0.3%
Expenses	$17,015,236	$16,186,247	+0.1%
Net Income	$3,499,583	$-566,855	-7.2%

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
JAKE KENNEDY	TRUSTEE/ CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$0	$0
DAVE ZOLET	TRUSTEE/ CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$0	$0
LAURA A EVANS	TRUSTEE/ SR. VICE PRESIDENT	1.00	Officer 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	$20,514,819	$17,015,236	$3,531,821	$3,499,583
2022	$15,619,392	$16,186,247	$32,238	$-566,855
2021	$18,794,118	$19,855,283	$599,093	$-1,061,165
2020	$18,043,238	$16,810,313	$1,660,258	$1,232,925
2019	$16,376,844	$16,674,053	$427,333	$-297,209
2018	$14,381,255	$13,779,133	$724,542	$602,122

ERC INC VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION PLAN