GALESBURG, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PLAN A HEALTH CARE PLAN TRUST, founded in 2019, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.
THE PLAN IS A SELF-INSURED BENEFIT PROGRAM FUNDED BY THE EMPLOYERS AND PARTICIPANTS WITHIN THE PLAN. PARTICIPANTS IN THE PLAN ARE CURRENT AND FORMER EMPLOYEES OF THE FOLLOWING SPONSORS: COMMUNITY LIVING OPTIONS, INC., FRANCES HOUSE, INC., UNLIMITED DEVELOPMENT, INC., ACHIEVEMENT UNLIMITED, INC., PINNACLE OPPORTUNITIES, INC., PIONEER CONCEPTS, INC., RESIDENTIAL ALTERNATIVES OF ILLINOIS, INC., DESERT HEALTH CARE FACILITIES, INC., AND LTC SUPPORT SERVICES, LLC. PLAN ASSETS ARE HELD IN A VOLUNTARY EMPLOYEES' BENEFIT ASSOCIATION (VEBA) TRUST. THE PLAN IS SUBJECT TO THE PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA), AS AMENDED. DESERT HEALTH CARE FACILITIES, INC. SOLD ITS OPERATIONS IN APRIL 2024 AND NO LONGER PARTICIPATES IN THE PLAN, AS ALL EMPLOYEES WERE TRANSFERRED TO THE NEW OWNER.
THE PURPOSE OF THE PLAN IS TO PROVIDE MEDICAL, SHORT-TERM DISABILITY, AND DEATH BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS THAT VOLUNTARILY ELECT TO PARTICIPATE IN THE PLAN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $10,175,137 | $7,720,479 | +0.3% |
| Expenses | $10,732,970 | $9,951,581 | +0.1% |
| Net Income | $-557,833 | $-2,231,102 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RONALD WILSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN BURGER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $10,175,137 | $10,732,970 | $1,738,417 | $-557,833 |
| 2023 | $7,720,479 | $9,951,581 | $2,738,825 | $-2,231,102 |
| 2022 | $7,793,117 | $8,383,884 | $4,134,120 | $-590,767 |
| 2022 | $7,793,117 | $8,383,884 | $4,134,120 | $-590,767 |
| 2021 | $9,148,084 | $8,704,392 | $4,594,498 | $443,692 |
| 2020 | $10,560,336 | $10,866,895 | $4,319,082 | $-306,559 |
Compare PLAN A HEALTH CARE PLAN TRUST with other nonprofits in Illinois and across the country.