FRINGE BENEFIT PLAN FOR DAVIS-BACON AND RELATED ACTS EMPLOYEES OF SERVICESOURCE (EIN 276927830) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

NATE HOOVER

Phone

7034616000

Tax Period

2024-01-01 to 2024-12-31

FRINGE BENEFIT PLAN FOR DAVIS-BACON AND RELATED ACTS EMPLOYEES OF SERVICESOURCE, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $4.3M in total revenue in fiscal year 2018.

Mission

THE PLAN PROVIDES MEDICAL INSURANCE COVERAGE AND OTHER QUALIFIED BENEFITS COVERING SUBSTANTIALLY ALL DAVIS-BACON AND RELATED ACTS (DBRA) EMPLOYEES OF SERVICESOURCE, INC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,137,729

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,137,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $171,442

TOTAL EXPENSES $5,167,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,137,729	$4,810,583	+0.1%
Expenses	$5,167,199	$4,846,545	+0.1%
Net Income	$-29,470	$-35,962	-0.2%

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

$375,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATE HOOVER	TRUSTEE	2.00	Director	$0	$0	$375,824

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	$5,137,729	$5,167,199	$59,605	$-29,470
2023	$4,810,583	$4,846,545	$417,671	$-35,962
2022	$4,746,133	$4,767,818	$99,099	$-21,685
2021	$4,393,613	$4,401,834	$148,158	$-8,221
2020	$3,956,919	$3,977,794	$157,822	$-20,875
2019	$3,937,281	$3,953,129	$275,430	$-15,848
2018	$4,278,430	$4,294,004	$308,812	$-15,574

FRINGE BENEFIT PLAN FOR DAVIS-BACON AND RELATED ACTS EMPLOYEES OF SERVICESOURCE