HEDRICK EMPLOYEE GROUP BENEFIT PLAN TRUST (EIN 561387384) - 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

1983

Legal Domicile

Principal Officer

JOSEPH C LORDI

Phone

7046335982

Tax Period

2023-11-01 to 2024-10-31

HEDRICK EMPLOYEE GROUP BENEFIT PLAN TRUST, founded in 1983, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023.

Mission

PROVIDE HEALTH AND DENTAL BENEFITS TO ALL ELIGIBLE MEMBERS AND THEIR DEPENDENTS. PROVIDE LIFE/AD&D, LONG-TERM DISABILITY, SHORT-TERM DISABILITY, AND VISION INSURANCE TO ELIGIBLE MEMBERS.

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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 $7,784,142

Investment Income $145,236

Other Revenue $0

TOTAL REVENUE $7,929,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,425,393

TOTAL EXPENSES $7,704,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,929,378	$7,730,992	+0.0%
Expenses	$7,704,065	$6,799,084	+0.1%
Net Income	$225,313	$931,908	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN JOHNSON	TRUSTEE	N/A	Director	$0	$0	$0
ARTHUR L HATTAWAY JR	ADMINISTRATO	N/A	Officer	$0	$0	$0
JOSEPH C LORDI	CHAIRMAN	N/A	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
2024	$7,929,378	$7,704,065	$4,115,013	$225,313
2023	$7,730,992	$6,799,084	$3,889,700	$931,908
2022	$7,283,012	$6,947,593	$2,962,855	$335,419
2021	$8,303,348	$8,192,565	$2,627,065	$110,783
2020	$7,894,898	$7,273,745	$2,714,971	$621,153
2019	$8,423,217	$8,735,841	$1,933,675	$-312,624
2018	$7,440,303	$6,997,458	$2,217,691	$442,845

HEDRICK EMPLOYEE GROUP BENEFIT PLAN TRUST