Milenia Health 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

2015

Legal Domicile

Principal Officer

Samuel Schlesinger

Phone

7185696670

Tax Period

2024-02-01 to 2025-01-31

Milenia Health Benefit Trust, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $7.3M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 12% surplus.

Mission

TO MAINTAIN THE ASSETS OF THE HEALTH BENEFIT PLAN KNOWN AS MILENIA HEALTH BENEFIT TRUST

Program Service Accomplishments

Program 1

Expenses: $6,405,700 Revenue: $7,266,927

Payment of Health and Insurance Benefits for Employees and Dependents of the Various Participating Companies

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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 $7,266,927

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,266,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,405,700

Other Expenses $325,915

TOTAL EXPENSES $6,405,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,266,927	$5,672,318	+0.3%
Expenses	$6,405,700	$6,399,802	+0.0%
Net Income	$861,227	$-727,484	-2.2%

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
Samuel Schlesinger	Trustee	1.00	Director	$0	$0	$0
Jonathan Mittelman	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	$7,266,927	$6,405,700	$2,347,347	$861,227
2024	$5,672,318	$6,399,802	$1,383,003	$-727,484
2023	$2,549,429	$6,240,064	$2,175,046	$-3,690,635
2022	$14,741,166	$12,666,428	$6,536,863	$2,074,738
2021	$19,617,042	$18,453,570	$7,086,217	$1,163,472
2020	$34,827,635	$33,423,556	$11,158,337	$1,404,079
2020	$34,827,635	$33,423,556	$11,158,337	$1,404,079
2019	$36,450,563	$33,691,990	$8,206,549	$2,758,573