COOPERATIVE GROUP BENEFIT TRUST (EIN 311306485) - 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

1987

Legal Domicile

Principal Officer

JEFF TROIKE

Phone

6147665800

Tax Period

2022-01-01 to 2022-12-31

COOPERATIVE GROUP BENEFIT TRUST, founded in 1987, is a micro nonprofit that reported $10K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 24860% operating deficit.

Mission

THE ORGANIZATION WAS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) WHICH PROVIDED MEDICAL, DENTAL, VISION AND LIFE INSURANCE FOR ITS PARTICIPATING MEMBERS. THE PLAN WAS TERMINATED DECEMBER 31, 2019, ACCORDINGLY, NO NEW CLAIMS WILL BE PAID FROM THE PLAN AFTER THIS DATE. HOWEVER THE PLAN REMAINED OPEN TO PAY (1) RUNOUT CLAIMS INCURRED PRIOR TO DECEMBER 31, 2019, (2) DISTRIBUTE REMAINING FUNDS TO MEMBER GROUPS TO COVER EMPLOYEE BENEFIT EXPENSES, AND (3) PAY ADMINISTRATIVE EXPENSES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $10,500

TOTAL REVENUE $10,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,620,826

Other Expenses $4,090

TOTAL EXPENSES $2,620,826

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,500	$384,605	-1.0%
Expenses	$2,620,826	$99,287	+25.4%
Net Income	$-2,610,326	$285,318	-10.1%

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
JEFF TROIKE	TRUSTEE-CHAI	N/A	Officer 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
2022	$10,500	$2,620,826	$103,778	$-2,610,326
2021	$384,605	$99,287	$2,714,104	$285,318
2020	$49,363	$202,691	$2,586,578	$-153,328
2019	$31,967,842	$37,447,864	$9,122,428	$-5,480,022
2018	$30,770,469	$33,126,829	$12,308,725	$-2,356,360

COOPERATIVE GROUP BENEFIT TRUST