LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM (EIN 550689535) - 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

1989

Legal Domicile

Principal Officer

DAVID S GOLDBERG

Phone

3045981242

Tax Period

2024-01-01 to 2024-12-31

LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM, founded in 1989, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $3.9M exceeded revenue, resulting in a 53% operating deficit.

Mission

PAYMENT OF LIABILITY CLAIMS AND COSTS ASSOCIATED WITH THE OPERATIONS OF THE RISK MANAGEMENT DIVISION.

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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 $2,391,233

Investment Income $170,506

Other Revenue $0

TOTAL REVENUE $2,561,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,536

Fundraising Expenses $0

Program Expenses $3,915,313

Other Expenses $3,633,777

TOTAL EXPENSES $3,915,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,561,739	$1,924,024	+0.3%
Expenses	$3,915,313	$4,652,216	-0.2%
Net Income	$-1,353,574	$-2,728,192	-0.5%

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

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

$1,047,723

Total Directors

$1,047,723

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GOLDBERG	PRESIDENT/CEO	1.00	Officer Director	$0	$51,139	$1,047,723
N/A	TRUSTEE	1.00		$24,080	$0	$24,080

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	$2,561,739	$3,915,313	$4,626,403	$-1,353,574
2023	$1,924,024	$4,652,216	$5,752,346	$-2,728,192
2022	$3,012,128	$2,943,567	$4,957,379	$68,561
2022	$4,295,648	$1,117,239	$8,480,538	$3,178,409
2021	$523,816	$396,270	$5,789,646	$127,546
2020	$1,070,983	$964,858	$5,802,820	$106,125
2019	$686,500	$587,619	$5,462,145	$98,881
2018	$1,240,711	$1,146,696	$5,151,487	$94,015

LIABILITY INSURANCE TRUST FOR MONONGALIA HEALTH SYSTEM