CREST INDUSTRIES EMPLOYEE BENEFITS TRUST (EIN 726101161) - 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

1982

Legal Domicile

Principal Officer

CAROL HENDRIX

Phone

3184488287

Tax Period

2023-01-01 to 2023-12-31

CREST INDUSTRIES EMPLOYEE BENEFITS TRUST, founded in 1982, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. Expenses of $8.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE HEALTH CARE AND LIFE INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AS SET FORTH IN THE CREST INDUSTRIES AND AFFILIATES VEBA TRUST

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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 $7,042,817

Investment Income $142,378

Other Revenue $0

TOTAL REVENUE $7,185,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,308,628

Other Expenses $1,229,215

TOTAL EXPENSES $8,308,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,185,195	$7,523,794	0.0%
Expenses	$8,308,628	$7,071,845	+0.2%
Net Income	$-1,123,433	$451,949	-3.5%

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

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
MATT PURSER	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
DONNIE ROBERTS	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
PAUL BORDELON	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
BRAD FONTENOT	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
DENNIS WIMMERT	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
SHANE DOSS	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
TRE FUSILIER	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
HEATHER CONOBOY	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
DAVID GRASSI	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
CAROL HENDRIX	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
SHANNON TASSIN	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
JORDAN ALFORD	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
JOHN DOGGETT	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
N/A	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
2024	No data	No data	No data	No data
2023	$7,185,195	$8,308,628	$1,816,080	$-1,123,433
2022	$7,523,794	$7,071,845	$2,938,666	$451,949
2021	$6,812,983	$5,354,765	$2,486,733	$1,458,218
2020	$6,525,792	$6,055,368	$1,028,499	$470,424
2019	$6,337,382	$6,675,380	$558,075	$-337,998
2018	$6,600,588	$6,679,603	$896,073	$-79,015

CREST INDUSTRIES EMPLOYEE BENEFITS TRUST