FRINGE BENEFIT PLAN FOR DBRA EMPLOYEES OF CENTRAL SPECIALTIES INC (EIN 266821787) - 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

2009

Legal Domicile

Principal Officer

ROSS LARSON

Phone

3207627289

Tax Period

2024-05-01 to 2025-04-30

FRINGE BENEFIT PLAN FOR DBRA EMPLOYEES OF CENTRAL SPECIALTIES INC, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 102% operating deficit.

Mission

TO PROVIDE MEDICAL CARE AND OTHER QUALIFIED WELFARE BENEFITS FOR EMPLOYEES AND THEIR FAMILIES.

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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 $963,776

Investment Income $149,133

Other Revenue $0

TOTAL REVENUE $1,112,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $128,832

TOTAL EXPENSES $2,244,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,112,909	$2,692,249	-0.6%
Expenses	$2,244,690	$2,516,306	-0.1%
Net Income	$-1,131,781	$175,943	-7.4%

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

N/A

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
ROSS LARSON	TRUSTEE	1.00	Director	$0	$0	$0
JOE MINNERATH	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
2025	$1,112,909	$2,244,690	$2,453,788	$-1,131,781
2024	$2,692,249	$2,516,306	$3,885,865	$175,943
2023	$2,174,980	$2,004,994	$3,388,754	$169,986
2022	$2,324,908	$2,193,533	$3,197,098	$131,375
2021	$2,763,143	$2,608,910	$3,054,734	$154,233
2020	$3,086,373	$2,527,142	$2,899,228	$559,231
2019	$2,224,106	$2,246,960	$2,327,922	$-22,854
2018	$2,217,623	$2,274,988	$2,398,277	$-57,365

FRINGE BENEFIT PLAN FOR DBRA EMPLOYEES OF CENTRAL SPECIALTIES INC