EXCHANGE BANK HEALTH & WELFARE BENEFIT PLAN (EIN 680276662) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

SHARI DEMARIS

Phone

7075243000

Tax Period

2025-01-01 to 2025-12-31

EXCHANGE BANK HEALTH & WELFARE BENEFIT PLAN, founded in 1991, is a small nonprofit that reported $211K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $554K exceeded revenue, resulting in a 163% operating deficit.

Mission

THE VEBA WAS FORMED TO PROVIDE FUNDING FOR PREMIUMS FOR HEALTH INSURANCE COVERAGE (CONT. ON SCH O) AND/OR OTHER WELFARE BENEFITS FOR RETIRED EMPLOYEES OF EXCHANGE BANK.

🔒

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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $211,057

Other Revenue $0

TOTAL REVENUE $211,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $117,460

TOTAL EXPENSES $554,207

Year-over-Year Comparison

	2025	2024	Change
Revenue	$211,057	$279,439	-0.2%
Expenses	$554,207	$627,380	-0.1%
Net Income	$-343,150	$-347,941	0.0%

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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INSTITUTIONAL TRUSTEE	1.00		$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	$211,057	$554,207	$4,959,651	$-343,150
2024	No data	No data	No data	No data
2023	$983,348	$570,422	$5,641,104	$412,926
2022	$396,878	$748,949	$5,520,762	$-352,071
2021	$2,910,752	$1,145,508	$5,890,704	$1,765,244
2020	$2,284,181	$362,796	$4,121,402	$1,921,385
2019	$1,042,570	$627,046	$2,200,763	$415,524
2018	$388,480	$570,628	$1,786,751	$-182,148

EXCHANGE BANK HEALTH & WELFARE BENEFIT PLAN