SOUTHERN BENEFIT ADMINISTRATORS INC (EIN 387136424) - 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

2015

Legal Domicile

Principal Officer

JOHN D BRASSELL

Phone

6158590131

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN BENEFIT ADMINISTRATORS INC, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO PLAN PARTICIPANTS

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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 $1,792,863

Investment Income $7,958

Other Revenue $0

TOTAL REVENUE $1,800,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $330,080

TOTAL EXPENSES $2,100,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,800,821	$1,997,650	-0.1%
Expenses	$2,100,613	$2,066,808	+0.0%
Net Income	$-299,792	$-69,158	+3.3%

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
H LYNN BRASSELL	CHAIRMAN - T	N/A	Officer Director	$0	$0	$0
JERE T BRASSELL	TRUSTEE	N/A	Officer Director	$0	$0	$0
JOHN D BRASSELL	TRUSTEE	N/A	Officer Director	$0	$0	$0
SHARON FAULKNER	SECRETARY -T	N/A	Officer Director	$0	$0	$0
JERE T BRASSELL JR	TRUSTEE	N/A	Officer Director	$0	$0	$0

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	$1,800,821	$2,100,613	$164,723	$-299,792
2023	$1,997,650	$2,066,808	$464,507	$-69,158
2022	$2,909,438	$3,221,982	$533,687	$-312,544
2021	$1,888,484	$2,162,068	$846,235	$-273,584
2020	$1,978,623	$1,981,600	$1,119,816	$-2,977
2019	$1,566,480	$1,606,276	$1,133,678	$-39,796
2018	$1,642,921	$1,137,075	$1,162,598	$505,846

SOUTHERN BENEFIT ADMINISTRATORS INC