CITY OF EASTON WORKERS' COMP 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

1993

Legal Domicile

Principal Officer

PETER KOORIE

Phone

6103327143

Tax Period

2023-01-01 to 2023-12-31

CITY OF EASTON WORKERS' COMP TRUST, founded in 1993, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $589K left a modest 3% surplus.

Mission

PAYMENT OF WORKERS' COMPENSATION CLAIMS.

Program Service Accomplishments

Program 1

Expenses: $589,153 Revenue: $598,180

WORKERS' COMPENSATION TRUST FOR THE PAYMENT OF MEDICAL BILLS AND LOST WAGES FOR THE CITY OF EASTON. EARNINGS TO DEFRAY COSTS OF MUNICIPAL BILLINGS.

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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 $598,180

Investment Income $9,974

Other Revenue $0

TOTAL REVENUE $608,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $589,153

Other Expenses $589,153

TOTAL EXPENSES $589,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,154	$428,706	+0.4%
Expenses	$589,153	$434,729	+0.4%
Net Income	$19,001	$-6,023	-4.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	COMMITTEE MEMBERS TRUST	1.00		$0	$0	$0
PETER KOORIE	COMMITTEE MEMBERS TRUST	1.00	Officer	$0	$0	$0
MICHELLE WAGNER	COMMITTEE MEMBERS TRUST	1.00	Officer	$0	$0	$0
LUIS CAMPOS	COMMITTEE MEMBERS TRUST	1.00	Officer	$0	$0	$0
MICHELE DISORA	COMMITTEE MEMBERS TRUST	1.00	Officer	$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	$608,154	$589,153	$452,838	$19,001
2022	$428,706	$434,729	$33,149	$-6,023
2021	$528,068	$556,489	$39,172	$-28,421
2020	$524,409	$478,462	$67,593	$45,947
2019	$413,006	$625,020	$21,646	$-212,014
2018	$485,972	$393,141	$233,660	$92,831