CIOC FUNDED MEDICAL PLAN 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

1985

Legal Domicile

Principal Officer

S HOWARD KLINE

Phone

4122012242

Tax Period

2024-07-01 to 2025-06-30

CIOC FUNDED MEDICAL PLAN TRUST, founded in 1985, is a small nonprofit that reported $313K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 263% operating deficit.

Mission

HEALTH AND WELFARE BENEFIT PROVIDED TO RETIRED MEMBERS AND SURVIVING SPOUSES OF THE FORMER MIDLAND AND SPRING PLANTS OF COLT INDUSTRIES.

Program Service Accomplishments

Program 1

HEALTH AND WELFARE BENEFIT PROVIDED TO RETIRED MEMBERS AND SURVIVING SPOUSES OF THE FORMER MIDLAND AND SPRING PLANTS OF COLT INDUSTRIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $312,821

Other Revenue $0

TOTAL REVENUE $312,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,833

Fundraising Expenses $0

Other Expenses $200,882

TOTAL EXPENSES $1,134,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,821	$286,164	+0.1%
Expenses	$1,134,277	$1,312,303	-0.1%
Net Income	$-821,456	$-1,026,139	-0.2%

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

$36,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
S HOWARD KLINE	CHAIRMAN	1.00	Director	$14,000	$0	$14,000
BEAUFORT B LONGEST JR	TRUSTEE	1.00	Director	$6,500	$0	$6,500
STEVE SPRADLING	TRUSTEE	1.00	Director	$13,000	$0	$13,000
THOMAS DUZAK	TRUSTEE	1.00	Director	$3,250	$0	$3,250

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	$312,821	$1,134,277	$10,518,092	$-821,456
2024	$286,164	$1,312,303	$11,093,828	$-1,026,139
2023	$158,047	$1,276,415	$11,876,769	$-1,118,368
2022	$25,263	$1,463,752	$13,020,412	$-1,438,489
2021	$1,097,268	$1,523,983	$14,968,375	$-426,715
2020	$74,473	$2,132,831	$16,518,738	$-2,058,358
2019	$170,450	$1,627,654	$17,637,604	$-1,457,204
2018	$121,161	$1,817,159	$18,184,130	$-1,695,998