L & M COMPANIES EMPLOYEE BENEFIT TRUST (EIN 467239612) - 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

MATT DELLASEGA

Phone

9197162669

Tax Period

2023-01-01 to 2023-12-31

L & M COMPANIES EMPLOYEE BENEFIT TRUST, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 6% surplus.

Mission

THE PLAN IS A DEFINED CONTRIBUTION HEALTH AND WELFARE BENEFIT PLAN ESTABLISHED TO PROVIDE SPECIFIED HEALTH CARE, DENTAL, DISABILITY, LIFE AND TRAVEL INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES OF L&M COMPANIES, INC., L&M FARMS, INC., L&M WAREHOUSE & PACKING, INC., L&M FARMS OF COLORADO, LLC, AND L&M TRANSPORTATION SERVICES, INC.

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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 $2,949,655

Investment Income $45,636

Other Revenue $0

TOTAL REVENUE $2,995,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,670

Fundraising Expenses $0

Other Expenses $85,500

TOTAL EXPENSES $2,809,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,995,291	$2,717,214	+0.1%
Expenses	$2,809,113	$2,857,052	0.0%
Net Income	$186,178	$-139,838	-2.3%

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

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
FIRST CITIZENS BANK	TRUSTEE	1.0		$8,670	$0	$8,670

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	$2,995,291	$2,809,113	$1,510,586	$186,178
2022	$2,717,214	$2,857,052	$1,328,694	$-139,838
2021	$2,895,710	$2,761,473	$1,468,190	$134,237
2021	$2,897,509	$2,806,305	$1,407,052	$91,204
2020	$2,844,826	$2,507,789	$1,351,091	$337,037
2019	$2,412,785	$2,261,613	$945,793	$151,172

L & M COMPANIES EMPLOYEE BENEFIT TRUST