HOFFER PLASTICS CORPORATION HEALTH… - 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

1978

Legal Domicile

Phone

8477175636

Tax Period

2024-12-01 to 2025-11-30

HOFFER PLASTICS CORPORATION HEALTH BENEFIT PLAN TRUST, founded in 1978, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024.

Mission

Provide health, life insurance and short-term disability to eligible employees of Hoffer Plastics Corporation.

Program Service Accomplishments

Program 1

Expenses: $3,924,972 Revenue: $0

Medical benefits and disability payments including payments to hospitals, doctors, pharmacies, etc covering costs incurred by employees and their dependents.

Program 2

Expenses: $246,880 Revenue: $0

Premiums for life, short-term disability, and vision insurance and COBRA services.

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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 $4,999,709

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,999,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,171,852

Other Expenses $800,006

TOTAL EXPENSES $4,971,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,999,709	$4,729,734	+0.1%
Expenses	$4,971,858	$4,702,606	+0.1%
Net Income	$27,851	$27,128	+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

Independent Members

N/A

Employees

N/A

Volunteers

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

$1,946,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlotte H Canning	Trustee	0.02	Director	$16,710	$21,000	$875,677
Gretchen Hoffer Farb	Trustee	0.02	Director	$21,887	$21,000	$863,098
Earl W Dorsey II	Trustee	3	Director	$0	$11,692	$207,630

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	$4,999,709	$4,971,858	$48,178	$27,851
2024	$4,729,734	$4,702,606	$21,050	$27,128
2023	$4,228,892	$4,205,776	$-6,079	$23,116
2022	$3,942,624	$3,840,524	$-29,195	$102,100
2021	$4,993,817	$5,146,525	$-72,770	$-152,708
2020	$4,932,661	$5,044,201	$-34,063	$-111,540

HOFFER PLASTICS CORPORATION HEALTH BENEFIT PLAN TRUST