UNION BENEFITS TRUST (EIN 316471095) - 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

1993

Legal Domicile

Principal Officer

CHRISTOPHER MABE

Phone

6145082250

Tax Period

2023-07-01 to 2024-06-30

UNION BENEFITS TRUST, founded in 1993, is a mid-sized nonprofit that reported $32.9M in total revenue in fiscal year 2023. Expenses of $31.1M left a modest 5% surplus.

Mission

THE UNION BENEFITS TRUST OFFERS DENTAL, VISION, LIFE AND OTHER DESIGNATED BENEFITS TO STATE OF OHIO BARGAINING UNIT EMPLOYEES AND THEIR DEPENDENTS.

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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 $31,823,842

Investment Income $1,040,962

Other Revenue $4,896

TOTAL REVENUE $32,869,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $637,495

Fundraising Expenses $0

Program Expenses $29,955,707

Other Expenses $1,535,409

TOTAL EXPENSES $31,123,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,869,700	$32,520,050	+0.0%
Expenses	$31,123,884	$31,766,937	0.0%
Net Income	$1,745,816	$753,113	+1.3%

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

$86,721

Total Directors

$92,048

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA HARRINGTON	DIRECTOR	40.00	Highest	$0	$0	$117,213
CHRISTOPHER MABE	CHAIR	2.00	Officer Director	$0	$0	$74,721
KATHLEEN GERSPER	TREASURER	2.00	Officer Director	$0	$0	$6,000
GERALD JOLLY	VICE CHAIR	2.00	Officer Director	$0	$0	$6,000
JASON UNDERHILL	TRUSTEE	2.00	Director	$0	$0	$2,207
MARY J STUCKERT	TRUSTEE	2.00	Director	$0	$0	$1,910
CHARLIE WILLIAMSON	TRUSTEE	2.00	Director	$0	$0	$1,210
CHRISTOPHER BUCCIERI	TRUSTEE	2.00	Director	$0	$0	$0
DOMINIC MARSANO	TRUSTEE	2.00	Director	$0	$0	$0
BARBARA MONTGOMERY	FINANCIAL SE	2.00	Director	$0	$0	$0
KATE NICHOLSON	TRUSTEE	2.00	Director	$0	$0	$0
KARI ROOT	TRUSTEE	2.00	Director	$0	$0	$0
JAMISON UNDERWOOD	TRUSTEE	2.00	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
2025	No data	No data	No data	No data
2024	$32,869,700	$31,123,884	$33,992,742	$1,745,816
2023	$32,520,050	$31,766,937	$31,011,048	$753,113
2022	$34,572,105	$31,202,026	$32,358,238	$3,370,079
2021	$37,332,053	$33,548,933	$31,151,160	$3,783,120
2020	$36,597,224	$30,656,229	$27,268,876	$5,940,995
2019	$36,570,073	$33,981,629	$21,573,324	$2,588,444

UNION BENEFITS TRUST