ATLANTICARE HEALTH SYSTEM INC WELFARE BENEFITS TRUST (EIN 262058361) - 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

2008

Legal Domicile

Principal Officer

ATLANTICARE HEALTH SYSTEM INC

Phone

6095697031

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE PLAN PROVIDES VARIOUS HEALTH & WELFARE POSTRETIREMENT BENEFITS TO CERTAIN ATLANTICARE HEALTH SYSTEM & SUBS. RETIRED EMPLOYEES & COVERED DEPENDENTS, AS DEFINED IN THE PLAN

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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 $375,748

Investment Income $753,270

Other Revenue $0

TOTAL REVENUE $1,129,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $753,539

Other Expenses $404,130

TOTAL EXPENSES $753,539

Year-over-Year Comparison

	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%

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
ATLANTICARE HEALTH SYSTEM INC	TRUSTEE	1.0		$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	$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

ATLANTICARE HEALTH SYSTEM INC WELFARE BENEFITS TRUST