CLEAT BENEFIT TRUST

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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

MARVIN RYALS

Phone

5124959111

Tax Period

2023-01-01 to 2023-12-31

CLEAT BENEFIT TRUST, founded in 1984, is a community nonprofit in the Mutual Benefit sector that reported $4.2M in total revenue in fiscal year 2023. Expenses of $3.7M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO THE PARTICIPANTS

Program Service Accomplishments

Program 1

HEALTH BENEFITS: DENTAL AND VISION PLAN FOR 3,752 PLAN PARTICIPANTS AND AN ACCIDENTAL DEATH AND DISMEMBERMENT POLICY.

Program 2

LINE OF DUTY DEATH BENEFIT THROUGH ACCIDENTAL DEATH AND DISMEMBERMENT POLICY FOR 26,308 PLAN PARTICIPANTS. BENEFITS ARE FUNDED THROUGH A GROUP INSURANCE POLICY.

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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 $4,167,273

Investment Income $31,211

Other Revenue $0

TOTAL REVENUE $4,198,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $442,342

TOTAL EXPENSES $3,652,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,198,484	$3,981,672	+0.1%
Expenses	$3,652,494	$3,689,984	0.0%
Net Income	$545,990	$291,688	+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

Independent Members

Employees

N/A

Volunteers

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
GREG SHIPLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARVIN RYALS	MANAGING TRUSTEE	2.00	Director	$0	$0	$0
D LLOYD COOK	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
2024	No data	No data	No data	No data
2023	$4,198,484	$3,652,494	$2,635,098	$545,990
2022	$3,981,672	$3,689,984	$1,958,219	$291,688
2021	$4,069,500	$3,679,417	$1,796,673	$390,083
2020	$4,242,263	$3,604,779	$1,351,076	$637,484
2019	$3,932,201	$3,938,282	$602,080	$-6,081
2018	$3,719,624	$3,754,405	$533,226	$-34,781