SOUTHERN OHIO CHAMBER ALLIANCE BENEFIT PLAN (EIN 471277622) - 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

2016

Legal Domicile

Principal Officer

MATTHEW APPENZELLER

Phone

5134525103

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN OHIO CHAMBER ALLIANCE BENEFIT PLAN, founded in 2016, is a major nonprofit in the Mutual Benefit sector that reported $546.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT WHICH PROVIDES SELF-FUNDED MEDICAL AND PRESCRIPTION DRUG 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $543,757,753

Investment Income $2,460,022

Other Revenue $0

TOTAL REVENUE $546,217,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,328,697

TOTAL EXPENSES $542,114,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$546,217,775	$497,734,023	+0.1%
Expenses	$542,114,572	$496,674,447	+0.1%
Net Income	$4,103,203	$1,059,576	+2.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JED ERIC METZGER	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA MARGARET HOLZHEIMER	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW PATRICK OWEN	TRUSTEE-CHAIRPERSON	1.00	Director	$0	$0	$0
JANET LEE DAVIS	TRUSTEE-TREASURER	1.00	Director	$0	$0	$0
RICHARD MICHAEL PEARCE	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW JAMES APPENZELLER	PLAN ADMINISTRATOR	1.00	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	$546,217,775	$542,114,572	$67,612,656	$4,103,203
2022	$497,734,023	$496,674,447	$78,834,639	$1,059,576
2021	$407,997,087	$405,934,412	$56,448,253	$2,062,675
2020	$308,166,507	$307,082,696	$35,524,657	$1,083,811
2019	$205,731,624	$203,228,953	$25,653,425	$2,502,671
2018	$103,256,774	$101,266,677	$13,738,964	$1,990,097

SOUTHERN OHIO CHAMBER ALLIANCE BENEFIT PLAN