Tate Company Employee Benefit Trust

EIN: 521271262

Glen Burnie, MD

Total Revenue
$761,254
Total Expenses
$732,286
Total Assets
$795,383
Net Assets
$734,535
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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
1982
Legal Domicile
MD
Principal Officer
Creston G Tate
Phone
4108635440
Tax Period
2022-12-01 to 2023-11-30

Tate Company Employee Benefit Trust, founded in 1982, is a small nonprofit that reported $761K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $732K left a modest 4% surplus.

Mission

Participant Health & Welfare Benefits

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $761,254
Investment Income $0
Other Revenue $0
TOTAL REVENUE $761,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $17,100
TOTAL EXPENSES $732,286

Year-over-Year Comparison

2022 2021 Change
Revenue $761,254 $908,400 -0.2%
Expenses $732,286 $510,516 +0.4%
Net Income $28,968 $397,884 -0.9%
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

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Governance

Voting Members
2
Independent Members
2
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Creston G Tate Trustee 2.00
Officer Director
$0 $0 $0
Patrick Phelps Controller 5.00
Officer
$0 $0 $0
Amy Tate Trustee 2.00
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 $761,254 $732,286 $795,383 $28,968
2022 $908,400 $510,516 $815,550 $397,884
2021 $499,174 $866,162 $312,309 $-366,988
2020 $256,165 $603,431 $692,222 $-347,266
2019 $308,879 $857,271 $1,026,563 $-548,392
2018 $860,548 $662,655 $1,574,955 $197,893
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