TRACTOR & EQUIPMENT HEALTH CARE TR… - Form 990 Financial Data

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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

1987

Legal Domicile

Phone

2055912131

Tax Period

2023-01-01 to 2023-12-31

TRACTOR & EQUIPMENT HEALTH CARE TRUST, founded in 1987, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FUNDING FOR BENEFITS (MEDICAL, LIFE, HEALTH, ACCIDENT AND SIMILAR BENEFITS) FOR ELIGIBLE EMPLOYEES, RETIREES, AND THEIR DEPENDENTS, IN ACCORDANCE WITH THE EMPLOYEE BENEFIT PLAN.

Program Service Accomplishments

Program 1

N/A

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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 $8,926,225

Investment Income $193,183

Other Revenue $0

TOTAL REVENUE $9,119,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $796,771

TOTAL EXPENSES $8,980,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,119,408	$6,863,743	+0.3%
Expenses	$8,980,240	$6,792,614	+0.3%
Net Income	$139,168	$71,129	+1.0%

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

$623,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Plan Administrator	1.0		$0	$0	$0
N/A	Trustee	1.0		$0	$0	$0
N/A	Sec. Treas. Plan Sponsor	1.0	Officer	$0	$53,557	$623,726

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	$9,119,408	$8,980,240	$6,295,947	$139,168
2022	$6,863,743	$6,792,614	$5,492,825	$71,129
2021	$7,506,239	$7,477,103	$6,661,957	$29,136
2020	$5,741,183	$5,611,427	$6,203,255	$129,756
2019	$7,308,872	$7,161,786	$5,796,067	$147,086
2018	$7,013,439	$7,261,504	$5,020,451	$-248,065

TRACTOR & EQUIPMENT HEALTH CARE TRUST