COGNOSANTE LLC FRINGE BENEFIT TRUST

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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

TO BE DETERMINED

Phone

7033494843

Tax Period

2024-01-01 to 2024-12-31

COGNOSANTE LLC FRINGE BENEFIT TRUST, founded in 2013, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 10% surplus.

Mission

THE PLAN WAS ESTABLISHED TO PROVIDE CERTAIN LIFE, MEDICAL AND DENTAL CARE AND TREATMENT, DISABILITY, ACCIDENTAL DEATH AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS OF COGNOSANTE, LLC

Program Service Accomplishments

Program 1

THE PLAN WAS ESTABLISHED TO PROVIDE CERTAIN LIFE, MEDICAL AND DENTAL CARE AND TREATMENT, DISABILITY, ACCIDENTAL DEATH AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS OF COGNOSANTE, LLC

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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 $3,745,829

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,745,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $293,825

TOTAL EXPENSES $3,388,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,745,829	$2,511,124	+0.5%
Expenses	$3,388,475	$3,085,771	+0.1%
Net Income	$357,354	$-574,647	-1.6%

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

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
RYAN WALDRON	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$3,745,829	$3,388,475	$666,313	$357,354
2023	$2,511,124	$3,085,561	$883,325	$-574,437
2022	$2,092,460	$3,379,647	$451,743	$-1,287,187
2021	$3,350,895	$3,183,461	$1,665,534	$167,434
2019	$2,613,921	$2,381,624	$1,426,658	$232,297
2018	$2,380,066	$2,262,735	$1,197,476	$117,331