HRSA-ILA FRINGE BENEFIT ESCROW FUND

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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

Principal Officer

STEVE GREENE

Phone

7574577090

Tax Period

2023-10-01 to 2024-09-30

HRSA-ILA FRINGE BENEFIT ESCROW FUND, founded in 1982, is a mid-sized nonprofit that reported $29.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $28.7M, a strong 98% operating margin.

Mission

THE FUND IS CREATED FOR THE PURPOSE OF RECEIVING AND ADMINISTERING CONTRIBUTIONS OF EMPLOYERS NECESSARY TO FUND EMPLOYEE FRINGE BENEFIT PROGRAMS REQUIRED IN THE COLLECTIVE BARGAINING AGREEMENT, INCLUDING CONTAINER ROYALTY FUND NO. 2, THE WELFARE FUND, THE VACATION AND HOLIDAY FUND, AND THE DAVID D. ALSTON SCHOLARSHIP FUND. THE FUND SHALL CONSTITUTE A TRUST AS DEFINED IN SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

RECEIVED AND ADMINISTERED EMPLOYER CONTRIBUTIONS NECESSARY TO FUND EMPLOYEE FRINGE BENEFIT PROGRAMS REQUIRED PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.

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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 $28,621,854

Investment Income $532,582

Other Revenue $27,087

TOTAL REVENUE $29,181,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,392

Fundraising Expenses $0

Other Expenses $266,676

TOTAL EXPENSES $477,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,181,523	$25,813,343	+0.1%
Expenses	$477,068	$501,159	0.0%
Net Income	$28,704,455	$25,312,184	+0.1%

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

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

$203,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER GIESINGER	TRUSTEE	0.50	Director	$0	$0	$0
JEREMY BRIDGES	TRUSTEE	0.50	Director	$0	$0	$0
PETER COOKE	TRUSTEE	0.50	Director	$0	$0	$0
JIM FORD	TRUSTEE	0.50	Director	$0	$0	$0
JAMES MICHALSKI	TRUSTEE	0.50	Director	$0	$0	$0
ERIN MALEY	TRUSTEE	0.50	Director	$0	$0	$0
KYLE BASSHAM	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS LITTLE	TRUSTEE	0.50	Director	$0	$0	$0
LARRY BACHTELL	TRUSTEE	0.50	Director	$0	$0	$0
MONTA BIVINS	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN COLEY	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL HEATH	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER FAULK	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN HALSTEAD	TRUSTEE	0.50	Director	$0	$0	$0
STEVE GREENE	ADMINISTRATOR	3.00	Officer	$22,691	$30,360	$203,974

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	$29,181,523	$477,068	$23,460,949	$28,704,455
2023	$25,813,343	$501,159	$22,301,756	$25,312,184
2022	$29,283,818	$482,340	$25,204,494	$28,801,478
2021	$27,315,489	$437,062	$22,655,790	$26,878,427
2020	$24,673,550	$377,026	$20,610,534	$24,296,524
2019	$35,139,639	$369,996	$23,788,331	$34,769,643
2018	$32,201,154	$353,947	$13,225,014	$31,847,207