THE CONNECTION INC EMPLOYEE BENEFIT TRUST (EIN 266406869) - 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

1990

Legal Domicile

Principal Officer

STEPHEN ABSHIRE

Phone

8603435500

Tax Period

2023-01-01 to 2023-12-31

THE CONNECTION INC EMPLOYEE BENEFIT TRUST, founded in 1990, is a community nonprofit in the Mutual Benefit sector that reported $7.0M in total revenue in fiscal year 2023.

Mission

TO ACT AS A FUNDING VEHICLE TO ONE OR MORE BENEFIT PLANS FOR PROVIDING CERTAIN DEATH, MEDICAL, ACCIDENT, RETIREMENT AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES OF THE CONNECTION, INC. AND THE CONNECTION FUND, INC. AND THEIR DEPENDENTS, WHETHER ON AN INSURED OR SELF-INSURED BASIS, AND WHETHER THROUGH GROUP INSURANCE POLICIES, GROUP ANNUITY CONTRACTS OR OTHER INVESTMENT CONTRACTS.

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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 $6,994,251

Investment Income $4,357

Other Revenue $0

TOTAL REVENUE $6,998,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,881,871

Other Expenses $33,348

TOTAL EXPENSES $6,915,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,998,608	$6,583,321	+0.1%
Expenses	$6,915,219	$6,095,495	+0.1%
Net Income	$83,389	$487,826	-0.8%

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

$406,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA DEMATTEIS-LEPORE	TRUSTEE	1.00	Director	$0	$0	$406,690
RAY BOVICH	TRUSTEE	1.00	Director	$0	$0	$0
GARY WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
KAREN BUCKLEY	TRUSTEE	1.00	Director	$0	$0	$0
ROB COHN	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$6,998,608	$6,915,219	$3,163,070	$83,389
2022	$6,583,321	$6,095,495	$3,091,633	$487,826
2021	$6,045,348	$4,863,615	$2,719,378	$1,181,733
2020	$5,967,788	$5,968,169	$1,900,624	$-381
2019	$6,198,174	$6,306,979	$1,978,046	$-108,805
2018	$6,394,054	$6,370,542	$2,537,103	$23,512

THE CONNECTION INC EMPLOYEE BENEFIT TRUST