MELMARK HOME WORKERS COMPENSATION TRUST (EIN 232687471) - 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

1995

Legal Domicile

Phone

6103254935

Tax Period

2023-01-01 to 2023-12-31

MELMARK HOME WORKERS COMPENSATION TRUST, founded in 1995, is a small nonprofit that reported $804K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $907K exceeded revenue, resulting in a 13% operating deficit.

Mission

This program provides Workers' Compensation coverage for the Pennsylvania based employees of Melmark Inc.

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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 $800,000

Investment Income $4,478

Other Revenue $0

TOTAL REVENUE $804,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $907,405

Other Expenses $87,513

TOTAL EXPENSES $907,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$804,478	$700,958	+0.1%
Expenses	$907,405	$765,852	+0.2%
Net Income	$-102,927	$-64,894	+0.6%

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

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

$1,379,158

Total Directors

$1,379,158

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Rita M Gardner	President and CEO	Officer Director	$0	$39,893	$791,625
Shawn Quigley	Chief Operating Officer	Officer Director	$0	$56,731	$320,067
Thomas J Crofcheck	VP and CFO	Officer Director	$0	$31,389	$267,466

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$804,478	$907,405	$827,034	$-102,927
2022	$700,958	$765,852	$1,003,003	$-64,894
2021	$1,000,007	$821,463	$961,838	$178,544
2020	$600,770	$731,504	$774,078	$-130,734
2019	$154,720	$445,335	$760,391	$-290,615

MELMARK HOME WORKERS COMPENSATION TRUST