RINECO CHEMICAL INDUSTRIES INC HEA… - 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

1993

Legal Domicile

Principal Officer

R DOUGLAS FELTON

Phone

5017789089

Tax Period

2018-01-01 to 2018-12-31

RINECO CHEMICAL INDUSTRIES INC HEALTH BENEFIT TRUST, founded in 1993, is a small nonprofit that reported $369K in total revenue in fiscal year 2018. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $107K, a strong 29% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS, INCLUDING MEDICAL, HOSPITAL, PRESCRIPTION DRUG AND DENTAL BENEFITS TO FULL TIME EMPLOYEES AND CERTAIN TERMINATED EMPLOYEES OF THE EMPLOYERS PARTICIPATING IN THE RINECO CHEMICAL INDUSTRIES, INC. EMPLOYEE BENEFIT PLAN (#502)

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH BENEFITS, INCLUDING MEDICAL, HOSPITAL, PRESCRIPTION DRUG AND DENTAL BENEFITS TO FULL-TIME EMPLOYEES AND CERTAIN TERMINATED EMPLOYEES OF THE EMPLOYERS PARTICIPATING IN THE RINECO...

TO PROVIDE HEALTH BENEFITS, INCLUDING MEDICAL, HOSPITAL, PRESCRIPTION DRUG AND DENTAL BENEFITS TO FULL-TIME EMPLOYEES AND CERTAIN TERMINATED EMPLOYEES OF THE EMPLOYERS PARTICIPATING IN THE RINECO CHEMICAL INDUSTRIES, INC. EMPLOYEE BENEFIT PLAN (#502)

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $369,257

Investment Income $0

Other Revenue $0

TOTAL REVENUE $369,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $77,979

TOTAL EXPENSES $261,959

Year-over-Year Comparison

	2018	2017	Change
Revenue	$369,257	$2,982,254	-0.9%
Expenses	$261,959	$2,927,174	-0.9%
Net Income	$107,298	$55,080	+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

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
R DOUGLAS FELTON	VP	0.5	Director	$0	$0	$0
JACKIE MOREHEAD	CFO, RINECO CHEMICAL INDUS	0.5	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
2018	$369,257	$261,959	No data	$107,298

RINECO CHEMICAL INDUSTRIES INC HEALTH BENEFIT TRUST