KENCREST SVCS INC WORKERS COMP TRUST (EIN 232703785) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JEFFREY J BOGACKI

Phone

2672891776

Tax Period

2024-11-01 to 2025-10-31

KENCREST SVCS INC WORKERS COMP TRUST, founded in 1992, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE TRUST WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING A SOURCE OF FUNDS AND MAINTAINING ADEQUATE RESERVES FOR THE PAYMENT OF WORKERS COMPENSATION BENEFITS AND RELATED CLAIMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,049,466

Investment Income $133,341

Other Revenue $0

TOTAL REVENUE $2,182,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,372,578

Other Expenses $979,951

TOTAL EXPENSES $2,696,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,182,807	$2,445,453	-0.1%
Expenses	$2,696,208	$2,749,732	0.0%
Net Income	$-513,401	$-304,279	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BOGACKI	COMMITTEE MEMBER	5.00	Director	$0	$0	$0
ARTHUR ANDERSON	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
SEAN CONNELL	COMMITTEE MEMBER	5.00	Director	$0	$0	$0
JAMES O'CONNOR	COMMITTEE MEMBER	2.00	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
2025	$2,182,807	$2,696,208	$2,617,667	$-513,401
2024	$2,445,453	$2,749,732	$3,125,765	$-304,279
2023	$2,160,781	$2,395,380	$3,367,220	$-234,599
2022	$2,289,094	$2,195,589	$3,575,056	$93,505
2021	$2,537,911	$2,097,141	$3,556,393	$440,770
2020	$2,129,173	$2,511,533	$3,115,624	$-382,360
2019	$2,336,506	$2,499,564	$3,497,983	$-163,058
2018	$1,988,710	$2,292,611	$3,661,042	$-303,901

KENCREST SVCS INC WORKERS COMP TRUST