MERIDIAN SERVICES CORP EMPLOYEES H… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

SCOTT B RIGGS

Phone

7652881928

Tax Period

2023-01-01 to 2023-12-31

MERIDIAN SERVICES CORP EMPLOYEES HEALTH TRUST, founded in 2007, is a mid-sized nonprofit in the Mutual Benefit sector that reported $11.9M in total revenue in fiscal year 2023.

Mission

THE TRUST REIMBURSES COVERED HEALTH CARE EXPENSES INCURRED BY ENROLLED EMPLOYEES AND THEIR DEPENDENTS, THE COST OF RE-INSURANCE AND THE COST OF THE THIRD PARTY ADMINISTRATOR.

Program Service Accomplishments

Program 1

Expenses: $11,926,088 Revenue: $11,920,034

THE TRUST REIMBURSES COVERED HEALTH CARE EXPENSES INCURRED BY ENROLLED EMPLOYEES AND THEIR DEPENDENTS, THE COST OF RE-INSURANCE AND THE COST OF THE THIRD PARTY ADMINISTRATOR.

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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 $11,920,034

Investment Income $6,217

Other Revenue $0

TOTAL REVENUE $11,926,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,926,088

Other Expenses $1,941,732

TOTAL EXPENSES $11,926,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,926,251	$11,345,516	+0.1%
Expenses	$11,926,088	$11,345,157	+0.1%
Net Income	$163	$359	-0.5%

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

$1,449,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANK A MILIUS	TRUSTEE	1.00	Director	$1,038,255	$37,350	$1,075,605
SCOTT B RIGGS	TRUSTEE	1.00	Director	$358,703	$14,850	$373,553

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	$11,926,251	$11,926,088	$299,892	$163
2022	$11,345,516	$11,345,157	$299,729	$359
2021	$10,778,225	$10,723,939	$299,370	$54,286

MERIDIAN SERVICES CORP EMPLOYEES HEALTH TRUST