SMART GROUP VSTD PLAN AND TRUST (EIN 276365479) - 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

2010

Legal Domicile

Principal Officer

JEREMY FERGUSON

Phone

2162289400

Tax Period

2023-01-01 to 2023-12-31

SMART GROUP VSTD PLAN AND TRUST, founded in 2010, is a mid-sized nonprofit in the Mutual Benefit sector that reported $18.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 33% operating margin.

Mission

PROVIDES SHORT TERM DISABILITY BENEFITS TO MEMBERS

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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 $14,543,528

Investment Income $284,474

Other Revenue $3,256,933

TOTAL REVENUE $18,084,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $712,675

TOTAL EXPENSES $12,187,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,084,935	$14,066,847	+0.3%
Expenses	$12,187,939	$18,131,584	-0.3%
Net Income	$5,896,996	$-4,064,737	-2.5%

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

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

$1,610,324

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SELLERS JR	(FORMER) TRUSTEE	1.00	Director	$0	$29,343	$239,638
JOSEPH POWELL	TRUSTEE	1.00	Director	$0	$35,187	$486,871
JEREMY FERGUSON	TRUSTEE	1.00	Director	$0	$87,021	$431,597
MICHAEL COLEMAN	TRUSTEE	1.00	Director	$0	$34,885	$452,218

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	$18,084,935	$12,187,939	$12,871,821	$5,896,996
2023	$21,761,070	$15,864,074	$12,871,821	$5,896,996
2022	$14,066,847	$18,131,584	$6,170,934	$-4,064,737
2021	$15,396,977	$20,254,162	$11,681,944	$-4,857,185
2020	$15,701,899	$18,385,328	$17,294,089	$-2,683,429
2019	$25,224,420	$16,305,873	$19,218,896	$8,918,547
2018	$18,935,216	$18,665,595	$10,737,532	$269,621

SMART GROUP VSTD PLAN AND TRUST