FORMETCO LLC EMPLOYEE HEALTH BENEFIT PLAN

EIN: 581901218

DULUTH, GA

Total Revenue
$1,134,830
Total Expenses
$1,139,680
Total Assets
$5,000
Net Assets
$5,000
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
GA
Principal Officer
MATT XANDER
Phone
7704767000
Tax Period
2023-01-01 to 2023-12-31

FORMETCO LLC EMPLOYEE HEALTH BENEFIT PLAN, founded in 1999, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

PROVISION OF HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF FORMETCO, LLC

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,134,830
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,134,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $609,037
TOTAL EXPENSES $1,139,680

Year-over-Year Comparison

2023 2022 Change
Revenue $1,134,830 $1,227,974 -0.1%
Expenses $1,139,680 $1,223,124 -0.1%
Net Income $-4,850 $4,850 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET G HEAD PLAN DIRECTOR 0.00
Director
$0 $0 $0
LAURIE ANN GARRETT PLAN DIRECTOR 0.00
Director
$0 $0 $0
MATT XANDER PLAN DIRECTOR 0.00
Director
$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 No data No data No data No data
2023 $1,134,830 $1,139,680 $5,000 $-4,850
2022 $1,227,974 $1,223,124 $9,850 $4,850
2021 $1,121,749 $1,121,749 $5,000 No data
2020 $897,278 $1,006,501 $5,000 $-109,223
2019 $1,364,214 $1,259,950 $114,223 $104,264
2018 $931,764 $930,762 $9,959 $1,002
Explore More Nonprofits
→Top 100 Nonprofits in Georgia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FORMETCO LLC EMPLOYEE HEALTH BENEFIT PLAN with other nonprofits in Georgia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.