CITY OF RALEIGH NC MEDICAL AND DENTAL BENFIT (EIN 581515861) - 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

2008

Legal Domicile

Principal Officer

PRINCIPAL FINANCIAL GROUP

Phone

6025620883

Tax Period

2024-08-01 to 2025-07-31

CITY OF RALEIGH NC MEDICAL AND DENTAL BENFIT, founded in 2008, is a mid-sized nonprofit that reported $66.5M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $59.1M left a modest 11% surplus.

Mission

VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION PROVIDING PAYMENT OF BENEFITS TO MEMBERS, DEPENDENTS, AND BENEFICIARIES

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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 $65,104,260

Investment Income $1,377,569

Other Revenue $35,658

TOTAL REVENUE $66,517,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,828

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $59,110,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,517,487	$98,550,536	-0.3%
Expenses	$59,110,389	$76,014,047	-0.2%
Net Income	$7,407,098	$22,536,489	-0.7%

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
N/A	TRUSTEE	N/A		$24,828	$0	$24,828

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	$66,517,487	$59,110,389	$33,714,668	$7,407,098
2024	$98,550,536	$76,014,047	$26,310,428	$22,536,489
2023	$71,750,282	$72,123,961	$84,891,034	$-373,679
2022	$76,909,925	$70,871,829	$85,320,655	$6,038,096
2021	$80,984,147	$67,346,613	$79,319,627	$13,637,534
2020	$71,457,979	$65,383,747	$65,697,424	$6,074,232

CITY OF RALEIGH NC MEDICAL AND DENTAL BENFIT