Sterling Group Employee Benefit Trust

EIN: 351968341 Mutual Benefit

Mishawaka, IN

Total Revenue
$2,293,889
Total Expenses
$2,271,667
Total Assets
$53,304
Net Assets
$53,304
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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
1996
Legal Domicile
IN
Principal Officer
LARRY SWANK
Phone
5742438547
Tax Period
2023-01-01 to 2023-12-31

Sterling Group Employee Benefit Trust, founded in 1996, is a community nonprofit in the Mutual Benefit sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

Reimbursement of members covered medical 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5,021
Other Revenue $2,288,868
TOTAL REVENUE $2,293,889

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,922,415
Other Expenses $349,252
TOTAL EXPENSES $2,271,667

Year-over-Year Comparison

2023 2022 Change
Revenue $2,293,889 $1,416,117 +0.6%
Expenses $2,271,667 $1,490,827 +0.5%
Net Income $22,222 $-74,710 -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

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Governance

Voting Members
4
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY A SWANK Trustee N/A
Director
$0 $0 $0
LANCE A SWANK Trustee N/A
Director
$0 $0 $0
LANCE A SWANK II Trustee N/A
Director
$0 $0 $0
ROBERT H VOSS Trustee N/A
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 No data No data No data No data
2023 $2,293,889 $2,271,667 $53,304 $22,222
2022 $1,416,117 $1,490,827 $31,082 $-74,710
2021 $1,890,841 $1,938,907 $105,792 $-48,066
2020 $1,504,317 $1,368,642 $153,858 $135,675
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