HORST GROUP EMPLOYEE BENEFIT TRUST

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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

1980

Legal Domicile

Principal Officer

RANDALL L HORST

Phone

7175819800

Tax Period

2023-01-01 to 2023-12-31

HORST GROUP EMPLOYEE BENEFIT TRUST, founded in 1980, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023.

Mission

PROVIDE CERTAIN MEDICAL, SHORT-TERM DISABILITY, PRESCRIPTION DRUG, FLEXIBLE SPENDING AND DEATH BENEFITS COVERING SUBSTANTIALLY ALL FULL TIME EMPLOYEES OF THE HORST GROUP INC. THROUGH AN EMPLOYEE BENEFIT PLAN.

Program Service Accomplishments

Program 1

EMPLOYEE HEALTH AND WELFARE PLAN FOR FULL TIME EMPLOYEES OF THE HORST GROUP INC. THERE WERE 202 ACTIVE PARTICIPANTS AT THE END OF THE PLAN YEAR (12/31/2023.)

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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 $5,056,853

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,056,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $713,814

TOTAL EXPENSES $5,060,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,056,853	$5,275,347	0.0%
Expenses	$5,060,308	$5,211,646	0.0%
Net Income	$-3,455	$63,701	-1.1%

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

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

$436,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL L HORST	TRUSTEE	2.00	Director	$0	$31,912	$219,558
MICHAEL GIORDANO	TRUSTEE	2.00	Director	$0	$40,081	$216,853

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	$5,056,853	$5,060,308	$103,783	$-3,455
2022	$5,275,347	$5,211,646	$107,238	$63,701
2021	$4,112,924	$4,157,992	$43,537	$-45,068
2020	$2,715,901	$2,804,671	$88,605	$-88,770
2019	$2,414,525	$2,611,400	$177,375	$-196,875
2018	$2,707,022	$2,843,999	$374,250	$-136,977