LANGSTON COMPANIES INC BENEFIT PROGRAMS TRUST (EIN 581573232) - 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

1984

Legal Domicile

Principal Officer

ROBERT KING

Phone

9017744440

Tax Period

2023-12-01 to 2024-11-30

LANGSTON COMPANIES INC BENEFIT PROGRAMS TRUST, founded in 1984, is a small nonprofit that reported $776K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $962K exceeded revenue, resulting in a 24% operating deficit.

Mission

A VOLUNTARY EMPLOYEE BENEFICIARY ASSOC TRUST TO PROVIDE EMPLOYEES WITH CERTAIN BENEFITS SUCH AS HEALTH (HOSPITAL, MEDICAL, MENTAL HEALTH, PRESCRIPTION DRUGS, DENTAL AND SURGICAL), LIFE INSURANCE, LONG-TERM DISABILITY, AND ACCIDENTAL DEATH & DISMEMBERMENT AND TO MANAGE FUNDS OF THE TRUST.

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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 $732,733

Investment Income $43,428

Other Revenue $0

TOTAL REVENUE $776,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,956

Fundraising Expenses $0

Program Expenses $962,300

Other Expenses $260,912

TOTAL EXPENSES $962,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$776,161	$1,088,167	-0.3%
Expenses	$962,300	$743,269	+0.3%
Net Income	$-186,139	$344,898	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$2,956	$0	$2,956
ROBERT E LANGSTON	PRESIDENT	1.00	Officer	$0	$0	$0
GEORGE T PARKEY	CHIEF OPERATING OFFICER	1.00	Officer	$0	$0	$0
ROBERT KING	CHIEF FINANCIAL OFFICER	1.00	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	$776,161	$962,300	$670,218	$-186,139
2023	$1,088,167	$743,269	$831,404	$344,898
2022	$1,091,121	$1,012,822	$490,722	$78,299
2021	$1,093,926	$801,478	$447,681	$292,448
2020	$1,199,541	$1,319,197	$151,830	$-119,656
2019	$1,251,962	$1,200,895	$333,667	$51,067
2018	$1,394,266	$1,208,400	$432,675	$185,866

LANGSTON COMPANIES INC BENEFIT PROGRAMS TRUST