Shore Memorial Hospital Workers Compensation Trust (EIN 223284789) - 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

1994

Legal Domicile

Principal Officer

JOHN S WIMBERG

Phone

6096413000

Tax Period

2023-01-01 to 2023-12-31

Shore Memorial Hospital Workers Compensation Trust, founded in 1994, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The Trust fund is used exclusively for the purpose of providing workmens compensation benefits directly through self-insurance and certain excess insurance coverage

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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 $1,000,000

Investment Income $9,193

Other Revenue $0

TOTAL REVENUE $1,009,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,000

Fundraising Expenses $0

Program Expenses $1,028,841

Other Expenses $1,095,909

TOTAL EXPENSES $1,100,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,009,193	$902,501	+0.1%
Expenses	$1,100,909	$1,255,381	-0.1%
Net Income	$-91,716	$-352,880	-0.7%

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

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
PNC BANK	TRUSTEE	10.0		$5,000	$0	$5,000
ALAN BEATTY	COMMITTEE MEMBER	1.0	Director	$0	$0	$0
ROBERT WOOD	COMMITTEE MEMBER	1.0	Director	$0	$0	$0
KATHRYN MAURO	COMMITTEE MEMBER	1.0	Director	$0	$0	$0
GEORGETTE FOX	COMMITTEE MEMBER	1.0	Director	$0	$0	$0
SHORE MEMORIAL HOSPITAL	TRUSTEE	10.0		$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	$1,009,193	$1,100,909	$90,805	$-91,716
2022	$902,501	$1,255,381	$147,683	$-352,880
2021	$800,043	$973,738	$150,497	$-173,695
2020	$1,025,709	$896,207	$130,165	$129,502
2019	$953,697	$534,286	$118,648	$419,411
2018	$1,102,641	$699,991	$99,779	$402,650

Shore Memorial Hospital Workers Compensation Trust