LEARFIELD COMMUNICATIONS GROUP BEN… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

KRISTINE SCHROEDER

Phone

5738937200

Tax Period

2023-01-01 to 2023-12-31

LEARFIELD COMMUNICATIONS GROUP BENEFIT TRUST INC, founded in 2015, is a mid-sized nonprofit in the Mutual Benefit sector that reported $21.7M in total revenue in fiscal year 2023.

Mission

TO ESTABLISH AND MAINTAIN ONE OR MORE HEALTH AND WELFARE PLANS FOR THE PAYMENT OF LIFE, SICK, ACCIDENT, AND OTHER SIMILAR BENEFITS FOR EMPLOYEES AND DEPENDENTS OF LEARFIELD COMMUNICATIONS GROUP, INC.

Program Service Accomplishments

Program 1

CLAIMS INCURRED AND PREMIUMS PAID ON GROUP INSURANCE FOR THE PROVISION OF LIFE, SICK, ACCIDENT, AND OTHER SIMILAR BENEFITS FOR EMPLOYEES AND DEPENDENTS OF LEARFIELD COMMUNICATIONS GROUP, 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 $21,674,657

Investment Income $0

Other Revenue $1,343

TOTAL REVENUE $21,676,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,624,686

TOTAL EXPENSES $22,066,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,676,000	$20,606,815	+0.1%
Expenses	$22,066,082	$21,982,629	+0.0%
Net Income	$-390,082	$-1,375,814	-0.7%

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

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
KRISTINE SCHROEDER	PRESIDENT/TRUSTEE	0.50	Officer Director	$0	$0	$0
JOHN RALEIGH	VICE PRESIDENT/TRUSTEE	0.50	Officer Director	$0	$0	$0
JEFF MARTIN	SECRETARY/TRUSTEE	0.50	Officer Director	$0	$0	$0
PETE LORI	TREASURER/TRUSTEE	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$21,676,000	$22,066,082	$1,551,338	$-390,082
2022	$20,606,815	$21,982,629	$1,589,898	$-1,375,814
2021	$18,543,210	$18,787,112	$2,653,028	$-243,902
2020	$17,688,532	$17,087,292	$2,893,573	$601,240
2019	$11,693,480	$11,816,069	$2,199,607	$-122,589
2018	$11,996,940	$11,668,761	$2,313,995	$328,179

LEARFIELD COMMUNICATIONS GROUP BENEFIT TRUST INC