Van Ru Credit Corporation Health a… - 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

2012

Legal Domicile

Principal Officer

SHERRITA WADE- COMERICA BANK

Phone

2148904678

Tax Period

2020-01-01 to 2020-12-31

Van Ru Credit Corporation Health and Welfare Benefit Trust, founded in 2012, is a micro nonprofit that reported $295 in total revenue in fiscal year 2020. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 45294% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE VAN RU CORPORATION HEALTH AND WELFARE BENEFIT PLAN.

Program Service Accomplishments

Program 1

Expenses: $133,912 Revenue: $295

PROVIDING HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE VAN RU CORPORATION HEALTH AND WELFARE BENEFIT 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $295

Other Revenue $0

TOTAL REVENUE $295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,912

Other Expenses $1,750

TOTAL EXPENSES $133,912

Year-over-Year Comparison

	2020	2019	Change
Revenue	$295	$4,678	-0.9%
Expenses	$133,912	$229,439	-0.4%
Net Income	$-133,617	$-224,761	-0.4%

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
COMERICA BANK	VP & TRUST OFFICER	10.0		$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
2020	$295	$133,912	No data	$-133,617
2019	$4,678	$229,439	$152,160	$-224,761
2018	$24,187	$52,669	$397,690	$-28,482

Van Ru Credit Corporation Health and Welfare Benefit Trust