SPIRE GULF INC BENEFIT TRUST FOR RETIREES NOT COVERED BY A COLLECTIVE BAR (EIN 581991624) - 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

1991

Legal Domicile

Principal Officer

BOYAN N LALOV

Phone

3143420586

Tax Period

2025-01-01 to 2025-12-31

SPIRE GULF INC BENEFIT TRUST FOR RETIREES NOT COVERED BY A COLLECTIVE BAR, founded in 1991, is a micro nonprofit that reported $93K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $17K, a strong 18% operating margin.

Mission

SPIRE GULF INC BENEFIT TRUST WAS ESTABLISHED AS A MEANS OF PROVIDING POST-RETIREMENT HEALTH AND LIFE INSURANCE BENEFITS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $93,256

Other Revenue $0

TOTAL REVENUE $93,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933

Fundraising Expenses $0

Other Expenses $28,686

TOTAL EXPENSES $76,392

Year-over-Year Comparison

	2025	2024	Change
Revenue	$93,256	$100,432	-0.1%
Expenses	$76,392	$71,851	+0.1%
Net Income	$16,864	$28,581	-0.4%

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

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		$933	$0	$933
GERY GORLA	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BOYAN N LALOV	TREASURER	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
2025	$93,256	$76,392	$5,244,638	$16,864
2024	$100,432	$71,851	$4,537,481	$28,581
2023	$176,268	$101,128	$3,948,951	$75,140
2022	$113,035	$48,922	$3,311,826	$64,113
2021	$112,276	$150,450	$3,940,103	$-38,174
2020	$263,262	$262,020	$3,457,266	$1,242

SPIRE GULF INC BENEFIT TRUST FOR RETIREES NOT COVERED BY A COLLECTIVE BAR