ST FRANCIS WORKERS COMP (EIN 371075348) - 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

1979

Legal Domicile

Phone

4125654532

Tax Period

2022-10-01 to 2023-09-30

ST FRANCIS WORKERS COMP, founded in 1979, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2022. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $33.3M exceeded revenue, resulting in a 117% operating deficit.

Mission

TO PROVIDE FOR PAYMENTS ON WORKER'S COMPENSATION CLAIMS UNDER A SELF INSURANCE PLAN FOR THE THIRD ORDER OF SAINT FRANCIS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,035,358

Investment Income $113,782

Other Revenue $194,458

TOTAL REVENUE $15,343,598

Expense Breakdown

Grants Paid $22,971,937

Salaries & Benefits $55,712

Fundraising Expenses $0

Program Expenses $33,255,457

Other Expenses $1,551,185

TOTAL EXPENSES $33,295,023

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,343,598	$9,838,738	+0.6%
Expenses	$33,295,023	$11,399,425	+1.9%
Net Income	$-17,951,425	$-1,560,687	+10.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	8.0		$55,712	$0	$55,712

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
2023	$15,343,598	$33,295,023	No data	$-17,951,425
2022	$9,838,738	$11,399,425	$17,888,237	$-1,560,687
2021	$12,694,739	$11,118,878	$19,453,337	$1,575,861
2020	$13,177,718	$7,837,428	$17,893,674	$5,340,290

ST FRANCIS WORKERS COMP