SRC BENEFITS PROGRAMS TRUST (EIN 436489905) - 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

1994

Legal Domicile

Principal Officer

LAURA RUZICKA

Phone

4178622337

Tax Period

2024-02-01 to 2025-01-31

SRC BENEFITS PROGRAMS TRUST, founded in 1994, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTHCARE BENEFITS FOR ITS MEMBERS

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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 $13,927,084

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,927,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $479,111

TOTAL EXPENSES $13,917,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,927,084	$10,094,248	+0.4%
Expenses	$13,917,711	$10,625,613	+0.3%
Net Income	$9,373	$-531,365	-1.0%

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
LAURA RUZICKA	PLAN ADMINISTRATOR	5.00	Officer Director	$0	$0	$0
WILLIAM D SHEPPARD	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOHN P STACK	TRUSTEE	1.00	Officer Director	$0	$0	$0
SRC HOLDINGS CORPORATION	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
2025	$13,927,084	$13,917,711	$184,631	$9,373
2024	$10,094,248	$10,625,613	$97,649	$-531,365
2023	$10,026,834	$9,548,965	$1,010,550	$477,869
2022	$9,937,850	$9,886,270	$118,089	$51,580
2021	$8,283,311	$8,262,977	$320,959	$20,334
2020	$9,275,976	$9,506,415	$162,975	$-230,439
2019	$9,552,739	$9,481,511	$733,271	$71,228

SRC BENEFITS PROGRAMS TRUST