EGG HARBOR TOWNSHIP, NJ
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)ATLANTICARE HEALTH SYSTEM INC WELFARE BENEFITS TRUST, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $375K, a strong 33% operating margin.
ATLANTICARE HEALTH SYSTEM, INC. AND SUBSIDIARIES AND AFFILIATES (THE "COMPANY") MAINTAIN THE GROUP HEALTH INSURANCE FOR EMPLOYEES OF ATLANTICARE HEALTH SYSTEM, INC. (THE "FORMER PLAN") TO PROVIDE WELFARE BENEFITS, INCLUDING MEDICAL, DENTAL, PRESCRIPTION, EMPLOYEE ASSISTANCE PLAN, VISION AND BUSINESS TRAVEL INSURANCE. THE FORMER PLAN PREVIOUSLY COVERED BOTH ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AND ELIGIBLE RETIREES AND THEIR DEPENDENTS. IN 2008, THE COMPANY ESTABLISHED A TRUST (THE "VEBA TRUST") FOR THE PURPOSE OF FUNDING CERTAIN WELFARE BENEFITS FOR ELIGIBLE RETIREES AND THEIR DEPENDENTS UNDER THE FORMER PLAN. EFFECTIVE JANUARY 1, 2011, THE BOARD OF TRUSTEES (THE "BOARD") OF THE COMPANY ESTABLISHED THIS PLAN TO PROVIDE RETIREE WELFARE BENEFITS PREVIOUSLY PROVIDED UNDER THE FORMER PLAN AND AMENDED THE FORMER PLAN TO PROVIDE THAT RETIREES AND THEIR DEPENDENTS ARE NO LONGER ELIGIBLE FOR BENEFITS UNDER THE FORMER PLAN. THE BOARD ALSO AMENDED THE VEBA TRUST TO BE USED EXCLUSIVELY TO FUND
EXPENSES INCURRED IN ORDER TO PROVIDE FUNDING FOR CERTAIN WELFARE BENEFITS FOR ELIGIBILE RETIREES AND THEIR DEPENDENTS UNDER THE GROUP HEALTH INSURANCE FOR EMPLOYEES OF ATLANTICARE HEALTH SYSTEM...
EXPENSES INCURRED IN ORDER TO PROVIDE FUNDING FOR CERTAIN WELFARE BENEFITS FOR ELIGIBILE RETIREES AND THEIR DEPENDENTS UNDER THE GROUP HEALTH INSURANCE FOR EMPLOYEES OF ATLANTICARE HEALTH SYSTEM, INC. PLEASE ALSO REFER TO PART III, LINE 1 FOR THE ORGANIZATION'S FULL MISSION.
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%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,129,018 | $898,425 | +0.3% |
| Expenses | $753,539 | $572,722 | +0.3% |
| Net Income | $375,479 | $325,703 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ATLANTICARE HEALTH SYSTEM INC | TRUSTEE | 1.0 |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,129,018 | $753,539 | $16,670,732 | $375,479 |
| 2022 | $898,425 | $572,722 | $14,948,128 | $325,703 |
| 2021 | $2,803,744 | $689,088 | $17,945,919 | $2,114,656 |
| 2020 | $1,333,984 | $784,553 | $16,441,474 | $549,431 |
| 2019 | $1,576,014 | $1,054,294 | $15,094,772 | $521,720 |
| 2018 | $2,006,462 | $1,233,987 | $13,272,980 | $772,475 |
Compare ATLANTICARE HEALTH SYSTEM INC WELFARE BENEFITS TRUST with other nonprofits in New Jersey and across the country.