CITY OF MARGATE EMPLOYEES BENEFIT TRUST (EIN 651024804) - 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

2002

Legal Domicile

Principal Officer

JACQUELINE CHIN-KIDD

Phone

9549726458

Tax Period

2024-06-01 to 2025-05-31

CITY OF MARGATE EMPLOYEES BENEFIT TRUST, founded in 2002, is a small nonprofit in the Mutual Benefit sector that reported $223K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $448K exceeded revenue, resulting in a 101% operating deficit.

Mission

THE FUND REIMBURSES RETIREES OF THE CITY OF MARGATE FOR ALL OR PART OF THEIR HEALTH INSURANCE PREMIUMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $73,982

Investment Income $144,896

Other Revenue $3,727

TOTAL REVENUE $222,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $118,136

TOTAL EXPENSES $447,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,605	$708,780	-0.7%
Expenses	$447,869	$412,274	+0.1%
Net Income	$-225,264	$296,506	-1.8%

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	Role	Reportable Comp	Other Comp	Total
JACQUELINE CHIN-KIDD	CHAIRPERSON	Director	$0	$0	$0
MICHAEL JONES	VICE CHAIRPERSON	Director	$0	$0	$0
RONALD GANGOO	SECRETARY	Director	$0	$0	$0
JOANNE SIMONE	TRUSTEE	Director	$0	$0	$0
PAUL FRANKENHAUSER	TRUSTEE	Director	$0	$0	$0
ALBERTO ARANGO	TRUSTEE	Director	$0	$0	$0
LORI HOFER	TRUSTEE	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
2025	$222,605	$447,869	$6,580,162	$-225,264
2024	No data	No data	No data	No data
2023	$145,348	$398,058	$5,297,513	$-252,710
2022	$455,589	$427,952	$5,637,931	$27,637
2021	$916,227	$391,029	$6,429,933	$525,198
2020	$96,193	$379,407	$4,847,579	$-283,214
2019	$313,014	$350,047	$4,809,978	$-37,033
2018	$474,324	$318,259	$5,253,331	$156,065

CITY OF MARGATE EMPLOYEES BENEFIT TRUST