ASSOCIATES HEALTH TRUST (EIN 346817365) - 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

1983

Legal Domicile

Principal Officer

I JAMES CAVOLI

Phone

4403495836

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATES HEALTH TRUST, founded in 1983, is a mid-sized nonprofit that reported $61.8M in total revenue in fiscal year 2024.

Mission

SEC. 501 (C)(9) VEBA TRUST THAT PROVIDES HOSPITALIZATION & DENTAL TO APPROXIMATELY 3,844 EMPLOYEES OF THE SWAGELOK CO.

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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 $61,754,661

Investment Income $26,429

Other Revenue $0

TOTAL REVENUE $61,781,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,491,439

Other Expenses $3,929,179

TOTAL EXPENSES $60,420,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,781,090	$58,619,869	+0.1%
Expenses	$60,420,618	$57,228,543	+0.1%
Net Income	$1,360,472	$1,391,326	0.0%

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

N/A

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
N/A	TRUSTEE	1.00		$21	$0	$21

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	$61,781,090	$60,420,618	$14,471,803	$1,360,472
2023	$58,619,869	$57,228,543	$14,768,121	$1,391,326
2022	$61,442,192	$58,311,175	$10,802,796	$3,131,017
2021	$46,591,493	$49,046,563	$8,159,190	$-2,455,070
2020	$43,148,234	$42,723,524	$7,705,648	$424,710
2019	$47,568,405	$48,614,674	$7,503,469	$-1,046,269
2018	$46,415,906	$45,342,998	$7,495,882	$1,072,908

ASSOCIATES HEALTH TRUST