MILCOM SYSTEMS CORPORATION VOLUNTA… - 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

1985

Legal Domicile

Principal Officer

ALICIA R TOWNES

Phone

7574632800

Tax Period

2018-04-01 to 2019-03-31

MILCOM SYSTEMS CORPORATION VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION, founded in 1985, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2018. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

THE VEBA PROVIDES GROUP HEALTH AND WELFARE BENEFITS FOR EMPLOYEES FOR THE PLAN'S FISCAL YEAR ENDED MARCH 31, 2019.

Program Service Accomplishments

Program 1

THE VEBA PROVIDES GROUP HEALTH AND WELFARE BENEFITS FOR EMPLOYEES FOR THE PLAN'S FISCAL YEAR ENDED MARCH 31, 2019.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,404,388

Investment Income $0

Other Revenue $-35,987

TOTAL REVENUE $2,368,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,275,172

Fundraising Expenses $0

Other Expenses $132,549

TOTAL EXPENSES $2,407,721

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,368,401	$3,250,209	-0.3%
Expenses	$2,407,721	$3,296,833	-0.3%
Net Income	$-39,320	$-46,624	-0.2%

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

N/A

Independent Members

N/A

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

$77,602

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA ASIEDU-OFEI	HR ADMINISTRATION	30.00	Officer	$0	$7,602	$77,602

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
2019	$2,368,401	$2,407,721	$8,489	$-39,320
2018	$3,250,209	$3,296,833	$47,809	$-46,624

MILCOM SYSTEMS CORPORATION VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION