ATC Management Inc Welfare Benefit… - 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

2003

Legal Domicile

Principal Officer

Richard Romero

Phone

2625066869

Tax Period

2023-01-01 to 2023-12-31

ATC Management Inc Welfare Benefit Trust, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $2.8M in total revenue in fiscal year 2023. Expenses of $4.6M exceeded revenue, resulting in a 66% operating deficit.

Mission

PROVIDE MEDICAL BENEFITS TO EMPLOYEES AND RETIREES.

Program Service Accomplishments

Program 1

Expenses: $3,481,284

Provide medical benefits to 424 active employees and 133 retirees.

Program 2

Expenses: $830,714

Provide medical insurance to active and retired employees.

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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 $2,588,275

Investment Income $202,501

Other Revenue $0

TOTAL REVENUE $2,790,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,311,998

Other Expenses $1,158,082

TOTAL EXPENSES $4,639,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,790,776	$-362,525	-8.7%
Expenses	$4,639,366	$7,229,840	-0.4%
Net Income	$-1,848,590	$-7,592,365	-0.8%

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

N/A

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
US Bank	Trustee	0.0		$0	$24,526	$24,526

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	$2,790,776	$4,639,366	$8,420,549	$-1,848,590
2022	$-362,525	$7,229,840	$10,269,139	$-7,592,365
2021	$4,365,309	$8,804,616	$17,861,504	$-4,439,307
2020	$12,309,509	$10,143,015	$22,300,811	$2,166,494

ATC Management Inc Welfare Benefit Trust