RELATED PARTNERS INC SALARY REDUCTION WELFARE BENEFIT TRUST (EIN 276988278) - 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

DAVID DISTASO

Phone

2125216449

Tax Period

2020-01-01 to 2020-04-30

RELATED PARTNERS INC SALARY REDUCTION WELFARE BENEFIT TRUST, founded in 2010, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2019. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 169% operating deficit.

Mission

TO PROVIDE WELFARE BENEFITS FOR THE EMPLOYEES OF THE CORPORATION, PARTICIPATING AFFILIATES AND THEIR ELIGIBLE DEPENDENTS COVERED BY THE PLAN.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,314,892

Investment Income $8,209

Other Revenue $0

TOTAL REVENUE $1,323,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,558,528

TOTAL EXPENSES $3,558,528

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,323,101	$21,663,205	-0.9%
Expenses	$3,558,528	$33,050,438	-0.9%
Net Income	$-2,235,427	$-11,387,233	-0.8%

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
DAVID ZUSSMAN	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$0	$0
DAVID DISTASO	TRUSTEE	1.00	Director	$0	$0	$0
RUTH FERGUSON	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
2020	$1,323,101	$3,558,528	No data	$-2,235,427
2019	$21,663,205	$33,050,438	$5,962,377	$-11,387,233
2018	$29,462,135	$26,785,006	$16,258,348	$2,677,129

RELATED PARTNERS INC SALARY REDUCTION WELFARE BENEFIT TRUST