Lifequest Worker's Compensation Trust (EIN 232518450) - 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

1988

Legal Domicile

Principal Officer

William J Schlachter President RPW

Phone

2155296210

Tax Period

2023-04-01 to 2024-03-31

Lifequest Worker's Compensation Trust, founded in 1988, is a micro nonprofit in the Mutual Benefit sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 54% operating deficit.

Mission

Workers Compensation Trust established to provided Self Insurance Workers Compensation Coverage under the laws of the Commonwealth of Pennsylvania to the organizations related to LifeQuest

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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 $2,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,582

TOTAL EXPENSES $3,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,000	$9,179	-0.8%
Expenses	$3,082	$9,072	-0.7%
Net Income	$-1,082	$107	-11.1%

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
N/A	Trustee	1.00		$1,500	$0	$1,500

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	$2,000	$3,082	$25,161	$-1,082
2023	$9,179	$9,072	$26,340	$107
2022	$9,250	$9,187	$26,126	$63
2021	$6,000	$11,582	$101,059	$-5,582
2020	$135,494	$135,917	$103,573	$-423
2019	$230,285	$247,479	$166,413	$-17,194

Lifequest Worker's Compensation Trust