PENNSYLVANIA EMPLOYEES BENEFIT TRUST FUND (EIN 521588740) - 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

1988

Legal Domicile

Principal Officer

Don Clair

Phone

7175657318

Tax Period

2023-07-01 to 2024-06-30

PENNSYLVANIA EMPLOYEES BENEFIT TRUST FUND, founded in 1988, is a large national nonprofit that reported $1.3B in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.2B left a modest 13% surplus.

Mission

Trust for the provision of employee benefits to employees of the Commonwealth of Pennsylvania.

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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 $1,314,022,327

Investment Income $34,695,852

Other Revenue $0

TOTAL REVENUE $1,348,718,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,698,728

Fundraising Expenses $0

Program Expenses $0

Other Expenses $30,673,140

TOTAL EXPENSES $1,171,690,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,348,718,179	$1,203,970,182	+0.1%
Expenses	$1,171,690,410	$1,131,884,440	+0.0%
Net Income	$177,027,769	$72,085,742	+1.5%

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

117

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

$340,111

Total Directors

Key Employees

$707,798

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathryn Farley	Former Executive Director / CEO	40	Officer	$308,392	$31,719	$340,111
Lori Donovan	COO	40	Key Emp	$246,966	$37,983	$284,949
Sharon Young	CFO	40	Key Emp	$189,025	$24,972	$213,997
Jim Cibak	Chief Information Officer	40	Key Emp	$182,897	$25,955	$208,852
John-Marc Blanche	Network Manager	40	Highest	$148,821	$23,911	$172,732
Amy Spease	Director of Support Services / Training	40	Highest	$138,410	$23,880	$162,290
Christy Leo	Director of Communications	40	Highest	$132,195	$23,196	$155,391
John Cromer	Accounting Manager	40	Highest	$120,366	$22,127	$142,493
Linda Tezak	Data Center Manager	40	Highest	$119,147	$22,561	$141,708
Neil Weaver	Chairman	0.25	Officer Director	$0	$0	$0
Michael Sukal	Secretary	0.25	Officer Director	$0	$0	$0
Stephen Catanese	Board Member	0.25	Director	$0	$0	$0
Valarie Arkoosh	Board Member	0.25	Director	$0	$0	$0
William Einhorn	Board Member	0.25	Director	$0	$0	$0
Natalie Krug	Board Member	0.25	Director	$0	$0	$0
Kerri Gallagher	Board Member	0.25	Director	$0	$0	$0
Tara Long	Board Member	0.25	Director	$0	$0	$0
Zollie J Rayner Jr	Board Member	0.25	Director	$0	$0	$0
H Ben Lukens	Board Member	0.25	Director	$0	$0	$0
Tom Tosti	Board Member	0.25	Director	$0	$0	$0
Uri Monson	Board Member	0.25	Director	$0	$0	$0
Adam K Weber	Board Member	0.25	Director	$0	$0	$0
Tracy Sullivan	Board Member	0.25	Director	$0	$0	$0
Matt Yarnell	Board Member	0.25	Director	$0	$0	$0
Erika Swaney	Board Member	0.25	Director	$0	$0	$0
Wendell Young IV	Board Member	0.25	Director	$0	$0	$0
Jason Swarthout	Board Member	0.25	Director	$0	$0	$0
Dave Henderson	Board Member	0.25	Officer Director	$0	$0	$0
Don Clair	Executive Director/CEO	40	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
2025	No data	No data	No data	No data
2024	$1,348,718,179	$1,171,690,410	$1,187,630,384	$177,027,769
2023	$1,203,970,182	$1,131,884,440	$1,000,446,816	$72,085,742
2022	$1,158,847,964	$1,139,615,373	$919,155,264	$19,232,591
2021	$1,143,953,619	$1,093,242,284	$919,084,902	$50,711,335
2020	$1,128,204,377	$992,380,064	$872,478,824	$135,824,313
2019	$1,120,615,761	$1,028,569,896	$734,797,344	$92,045,865
2018	$1,088,200,231	$1,024,503,615	$638,772,945	$63,696,616

PENNSYLVANIA EMPLOYEES BENEFIT TRUST FUND