FABRICUT INC EMPLOYEE BENEFIT TRUST (EIN 731219902) - 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

1984

Legal Domicile

Principal Officer

GARREN TAYLOR

Phone

9186227700

Tax Period

2022-10-01 to 2023-09-30

FABRICUT INC EMPLOYEE BENEFIT TRUST, founded in 1984, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 185% operating deficit.

Mission

TO PROVIDE FOR LIFE, SICKNESS, ACCIDENT OR OTHER BENEFITS (OF THE TYPE PERMITTED FOR VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION UNDER SECTION 501(C) (9) OF THE INTERNAL REVENUE CODE).

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,411,158

Investment Income $58,128

Other Revenue $0

TOTAL REVENUE $1,469,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,185,996

Other Expenses $207,329

TOTAL EXPENSES $4,185,996

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,469,286	$4,799,621	-0.7%
Expenses	$4,185,996	$4,785,180	-0.1%
Net Income	$-2,716,710	$14,441	-189.1%

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
DAVID FINER	TRUSTEE	1.00	Director	$0	$0	$0
GARREN TAYLOR	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL GUTERMAN	TRUSTEE	1.00	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
2023	$1,469,286	$4,185,996	No data	$-2,716,710
2022	$4,799,621	$4,785,180	$3,271,430	$14,441
2021	$4,840,065	$4,798,110	$3,256,989	$41,955
2020	$4,901,548	$4,884,026	$3,215,034	$17,522
2019	$4,316,573	$4,279,808	$3,197,512	$36,765
2018	$4,352,029	$4,349,164	$3,160,747	$2,865

FABRICUT INC EMPLOYEE BENEFIT TRUST