MULTIFAMILY INSURANCE TRUST

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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

2017

Legal Domicile

Phone

8453682400

Tax Period

2024-06-01 to 2025-05-31

MULTIFAMILY INSURANCE TRUST, founded in 2017, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $9.3M left a modest 9% surplus.

Mission

THIS VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION PROVIDES FOR THE PAYMENT OF CERTAIN HEALTH AND MEDICAL BENEFITS TO ELIGIBLE EMPLOYEES, SURVIVING SPOUSES, DEPENDENTS AND BENEFICIARIES.

Program Service Accomplishments

Program 1

PROVIDES FOR THE PAYMENT OF CERTAIN HEALTH AND MEDICAL BENEFITS TO ELIGIBLE EMPLOYEES, SURVIVING SPOUSES, DEPENDENTS AND BENEFICIARIES.

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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 $10,141,902

Investment Income $45,998

Other Revenue $0

TOTAL REVENUE $10,187,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $228,769

TOTAL EXPENSES $9,294,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,187,900	$8,744,630	+0.2%
Expenses	$9,294,547	$8,827,241	+0.1%
Net Income	$893,353	$-82,611	-11.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY GOLDSTEIN	TRUSTEE	2.0	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	$10,187,900	$9,294,547	$3,057,485	$893,353
2024	$8,744,630	$8,827,241	$1,338,481	$-82,611
2024	$8,792,733	$8,827,241	$1,338,481	$-34,508
2023	$8,734,887	$7,959,826	$1,192,492	$775,061
2022	$8,049,430	$7,971,533	$791,846	$77,897
2021	$7,578,441	$7,969,562	$708,503	$-391,121
2020	$7,552,091	$7,447,227	$893,579	$104,864
2019	$7,180,032	$6,651,194	$488,160	$528,838