MARS INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (EIN 363768068) - 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

1999

Legal Domicile

Principal Officer

JASON NASKIEWICZ

Phone

9088521000

Tax Period

2023-01-01 to 2023-12-31

MARS INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION, founded in 1999, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $5.7M exceeded revenue, resulting in a 344% operating deficit.

Mission

PAYMENT OF HEALTH, WELFARE, AND LIFE BENEFITS FOR ITS MEMBERS.

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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 $109,212

Investment Income $1,173,643

Other Revenue $0

TOTAL REVENUE $1,282,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,634

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,988,080

TOTAL EXPENSES $5,692,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,282,855	$24,840,832	-0.9%
Expenses	$5,692,099	$36,313,263	-0.8%
Net Income	$-4,409,244	$-11,472,431	-0.6%

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
THE NORTHERN TRUST COMPANY	TRUSTEE	0.0		$12,178	$0	$12,178

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	$1,282,855	$5,692,099	$20,060,013	$-4,409,244
2022	$24,840,832	$36,313,263	$22,814,073	$-11,472,431
2021	$5,183,734	$4,093,684	$57,633,749	$1,090,050
2020	$18,427,348	$24,871,069	$51,070,947	$-6,443,721
2019	$24,769,632	$45,604,303	$62,947,996	$-20,834,671

MARS INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION