Clark Companies Medical Benefit Plan

EIN: 611084986

BOWLING GREEN, KY

Total Revenue
$7,455,710
Total Expenses
$7,382,846
Total Assets
$1,225,221
Net Assets
$1,100,189
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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
1985
Legal Domicile
KY
Phone
2705634735
Tax Period
2024-01-01 to 2024-12-31

Clark Companies Medical Benefit Plan, founded in 1985, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

PROVIDE MEDICAL BENEFITS TO PARTICIPANTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,455,025
Investment Income $685
Other Revenue $0
TOTAL REVENUE $7,455,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,604,923
Other Expenses $777,923
TOTAL EXPENSES $7,382,846

Year-over-Year Comparison

2024 2023 Change
Revenue $7,455,710 $8,127,887 -0.1%
Expenses $7,382,846 $7,111,873 +0.0%
Net Income $72,864 $1,016,014 -0.9%
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

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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
$2,838,616
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE P CLARK TRUSTEE 1.0
Director
$0 $23,487 $1,081,817
ROBERT CLARK TRUSTEE 1.0
Director
$0 $23,487 $709,669
WILLIAM DALLAS CLARK III TRUSTEE 1.0
Director
$0 $23,149 $1,047,130
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 $7,455,710 $7,382,846 $1,225,221 $72,864
2023 $8,127,887 $7,111,873 $1,145,992 $1,016,014
2022 $7,201,552 $7,460,758 $196,682 $-259,206
2021 $5,993,234 $6,093,794 $441,300 $-100,560
2020 $5,981,472 $6,276,826 $576,710 $-295,354
2019 $6,195,565 $6,382,981 $912,839 $-187,416
2018 $5,330,262 $6,194,864 $974,621 $-864,602
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