LGBT BENEFIT PLAN TRUST (EIN 466654951) - 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

2013

Legal Domicile

Principal Officer

PAUL A BECHELY

Phone

8182430222

Tax Period

2025-01-01 to 2025-08-31

LGBT BENEFIT PLAN TRUST, founded in 2013, is a micro nonprofit that reported $1K in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $564K exceeded revenue, resulting in a 51228% operating deficit.

Mission

THE LGBT BENEFIT PLAN TRUST IS A WELFARE BENEFIT PLAN PROVIDING HOSPITAL, MEDICAL, DENTAL CARE, MENTAL HEALTH, PRESCRIPTION DRUG AND VISION CARE BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $1,098

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,000

Fundraising Expenses $0

Other Expenses $113,921

TOTAL EXPENSES $563,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,098	$10,076,042	-1.0%
Expenses	$563,581	$9,938,056	-0.9%
Net Income	$-562,483	$137,986	-5.1%

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

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

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL A BECHELY	TRUSTEE	1.0	Director	$5,000	$0	$5,000

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	$1,098	$563,581	No data	$-562,483
2024	$10,076,042	$9,938,056	$566,391	$137,986
2023	$8,649,061	$8,362,541	$439,300	$286,520
2022	$8,145,182	$8,072,422	$144,109	$72,760
2021	$7,385,991	$7,331,199	$81,116	$54,792
2020	$6,576,897	$6,697,598	$22,924	$-120,701
2019	$5,694,076	$5,774,189	$146,700	$-80,113
2018	$4,829,614	$4,688,501	$660,772	$141,113

LGBT BENEFIT PLAN TRUST