AC SHARED SERVICES INC Health Savi… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

AC Shared Services Inc

Phone

6022746890

Tax Period

2021-01-01 to 2021-12-31

AC SHARED SERVICES INC Health Savings, founded in 2010, is a micro nonprofit in the Mutual Benefit sector that reported $3K in total revenue in fiscal year 2021. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $21K exceeded revenue, resulting in a 679% operating deficit.

Mission

A VOLUNTARY EMPLOYEE'S BENEFICIARY ASSOCIATION (VEBA) TO FUND MEDICAL REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT. ARRANGEMENT.

Program Service Accomplishments

Program 1

Expenses: $14,315

Health Reimbursement Arrangement funded by AC Shared Services, Inc. Health Savings Plan benefitting 41 participants throughout the plan year 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,750

Other Revenue $0

TOTAL REVENUE $2,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,315

Other Expenses $7,111

TOTAL EXPENSES $21,426

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,750	$1,942	+0.4%
Expenses	$21,426	$38,450	-0.4%
Net Income	$-18,676	$-36,508	-0.5%

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
Hand Benefit Trust Co	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
2021	$2,750	$21,426	$210,804	$-18,676
2020	$1,942	$38,450	$220,385	$-36,508

AC SHARED SERVICES INC Health Savings