LOGANSPORT MUNICIPAL UTILITIES EMPLOYEE HEALTH AND BENEFIT PLAN (EIN 310986036) - 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

1980

Legal Domicile

Phone

5747536231

Tax Period

2023-01-01 to 2023-12-31

LOGANSPORT MUNICIPAL UTILITIES EMPLOYEE HEALTH AND BENEFIT PLAN, founded in 1980, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE MEDICAL BENEFITS FOR ELIGIBLE PLAN PARTICIPANTS.

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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 $1,454,734

Investment Income $62,354

Other Revenue $0

TOTAL REVENUE $1,517,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,050

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $1,798,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,517,088	$2,013,876	-0.2%
Expenses	$1,798,255	$2,349,455	-0.2%
Net Income	$-281,167	$-335,579	-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

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
N/A	TRUSTEE	1.00		$1,050	$0	$1,050
N/A	LMU SUPERINT	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,517,088	$1,798,255	$1,021,048	$-281,167
2022	$2,013,876	$2,349,455	$1,302,215	$-335,579
2021	$1,376,981	$1,531,825	$1,637,794	$-154,844
2020	$1,431,484	$1,534,829	$1,792,638	$-103,345
2019	$1,684,059	$1,097,830	$1,895,983	$586,229
2018	$1,500,648	$1,071,092	$1,309,754	$429,556

LOGANSPORT MUNICIPAL UTILITIES EMPLOYEE HEALTH AND BENEFIT PLAN