CENTRAL COATED PRODUCTS INC

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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

1990

Legal Domicile

Principal Officer

THOMAS A TORMEY

Phone

3308219830

Tax Period

2024-01-01 to 2024-12-31

CENTRAL COATED PRODUCTS INC, founded in 1990, is a small nonprofit that reported $405K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

THE TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE CENTRAL COATED PRODUCTS INC. HEALTH PROTECTION PLAN. DURING 2024 THE AMOUNT OF $406,225 WAS PAID TO PROVIDE BENEFITS AND INSURANCE COVERAGE TO APPROXIMATELY 79 PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $406,225 Revenue: $0

THE TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE CENTRAL COATED PRODUCTS INC. HEALTH PROTECTION PLAN. DURING 2024 THE AMOUNT OF $406,225 WAS PAID TO PROVIDE BENEFITS AND...

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $405,439

Investment Income $0

Other Revenue $0

TOTAL REVENUE $405,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $406,225

Other Expenses $0

TOTAL EXPENSES $406,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,439	$455,010	-0.1%
Expenses	$406,225	$455,201	-0.1%
Net Income	$-786	$-191	+3.1%

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

N/A

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
THOMAS A TORMEY	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN T PORTER	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
2024	$405,439	$406,225	$7,998	$-786
2023	$455,010	$455,201	$8,784	$-191
2022	$429,409	$426,880	$8,975	$2,529
2021	$333,665	$342,289	$6,446	$-8,624
2020	$333,691	$326,874	$15,070	$6,817