OPTIONS FOR LIVING POOLED CHARITABLE TR OLD NATIONAL WEALTH MGMT CO-TRUSTEE (EIN 386788007) - 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

2000

Legal Domicile

Principal Officer

MICHAEL PITTS

Phone

6307253315

Tax Period

2023-01-01 to 2023-12-31

OPTIONS FOR LIVING POOLED CHARITABLE TR OLD NATIONAL WEALTH MGMT CO-TRUSTEE, founded in 2000, is a micro nonprofit that reported $98K in total revenue in fiscal year 2023. Expenses of $113K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE TRUST IS A CHARITABLE TRUST WHICH IS THE REMAINDER BENEFICIARY UNDER THE OPTIONS FOR LIVING POOLED OBRA PAY BACK TRUST. WHEN A PARTICIPANT IN THE OBRA POOLED TRUST PASSES AWAY, AND TO THE EXTENT THAT THE PARTICIPANT'S FUND IS NOT FULLY EXHAUSTED BY MEDICAID REIMBURSEMENT AND THE PARTICIPANT DOES NOT DESIGNATE A BENEFICIARY OF THE REMAINING FUNDS, THE FUNDS ARE ADDED TO THE CHARITABLE TRUST TO PROVIDE FUNDS FOR THE CARE OF OTHER PARTICIPANTS IN THE POOLED TRUST AFTER THEIR OWN RESOURCES HAVE BEEN FULLY EXHAUSTED.

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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 $0

Investment Income $98,145

Other Revenue $0

TOTAL REVENUE $98,145

Expense Breakdown

Grants Paid $63,360

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,163

Other Expenses $49,393

TOTAL EXPENSES $112,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,145	$-108,487	-1.9%
Expenses	$112,753	$125,683	-0.1%
Net Income	$-14,608	$-234,170	-0.9%

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
N/A	CO-TRUSTEE	20.00		$0	$0	$0
N/A	CO-TRUSTEE	20.00		$31,144	$0	$31,144

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	$98,145	$112,753	$2,174,197	$-14,608
2022	$-108,487	$125,683	$2,188,805	$-234,170
2021	$253,260	$144,626	$2,422,975	$108,634
2020	$100,670	$133,221	$2,314,341	$-32,551

OPTIONS FOR LIVING POOLED CHARITABLE TR OLD NATIONAL WEALTH MGMT CO-TRUSTEE