VERSABILITY RESOURCES INC FRINGE B… - 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

2009

Legal Domicile

Principal Officer

KATHRYN J GRZELKOWSKI

Phone

7578966461

Tax Period

2024-09-01 to 2025-08-31

VERSABILITY RESOURCES INC FRINGE BENEFIT PLAN, founded in 2009, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE TRUST PROVIDES FRINGE BENEFITS TO EMPLOYEES COVERED BY THE SERVICE CONTRACT ACT. FRINGE BENEFITS INCLUDE HEALTH, DENTAL, VISION, LIFE AND SHORT TERM DISABILITY BENEFITS.

Program Service Accomplishments

Program 1

THE TRUST PROVIDES FRINGE BENEFITS TO EMPLOYEES COVERED BY THE SERVICE CONTRACT ACT. FRINGE BENEFITS INCLUDE HEALTH, DENTAL, VISION, LIFE AND SHORT TERM DISABILITY BENEFITS.

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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 $2,434,198

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,434,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $87,077

TOTAL EXPENSES $2,453,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,434,198	$2,169,603	+0.1%
Expenses	$2,453,087	$2,157,645	+0.1%
Net Income	$-18,889	$11,958	-2.6%

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

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
KATHRYN GRZELKOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL TOMCHICK	TRUSTEE	2.00	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	$2,434,198	$2,453,087	$86,296	$-18,889
2022	$648,753	$676,706	$184,462	$-27,953
2021	$711,934	$725,698	$228,054	$-13,764
2020	$649,617	$653,671	$156,745	$-4,054
2019	$651,919	$662,269	$157,918	$-10,350
2018	$645,309	$667,369	$173,620	$-22,060

VERSABILITY RESOURCES INC FRINGE BENEFIT PLAN