CARDINAL HEALTH CARE TRUST FUND (EIN 431231947) - 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

1980

Legal Domicile

Principal Officer

MATT STOVERN

Phone

4176734631

Tax Period

2023-01-01 to 2023-12-31

CARDINAL HEALTH CARE TRUST FUND, founded in 1980, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDING HEALTH CARE TO EMPLOYEES OF CARDINAL SCALE MANUFACTURING COMPANY

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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 $1,218,271

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,218,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $52,323

TOTAL EXPENSES $1,764,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,218,271	$3,185,080	-0.6%
Expenses	$1,764,340	$2,709,324	-0.3%
Net Income	$-546,069	$475,756	-2.1%

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

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
MATT STOVERN	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM H PERRY III	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY SWAIM	PLAN ADMINIS	1.00	Officer	$0	$0	$0
N/A	PLAN SPONSOR	0.00	Officer	$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	No data	No data	No data	No data
2023	$1,218,271	$1,764,340	$15,628	$-546,069
2022	$3,185,080	$2,709,324	$561,697	$475,756
2021	$2,000,770	$1,970,067	$85,941	$30,703
2020	$1,998,010	$2,007,089	$55,238	$-9,079
2019	$2,178,657	$2,114,340	$64,317	$64,317
2018	$2,286,023	$2,286,023	$146,217	No data

CARDINAL HEALTH CARE TRUST FUND