SIVALLS INC AND CONTROL EQUIPMENT INC MEDICAL PLAN TRUST

EIN: 751762644

ODESSA, TX

Total Revenue
$3,039,609
Total Expenses
$2,925,724
Total Assets
$465,939
Net Assets
$465,939
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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
1981
Legal Domicile
TX
Phone
4323373571
Tax Period
2020-03-01 to 2021-02-28

SIVALLS INC AND CONTROL EQUIPMENT INC MEDICAL PLAN TRUST, founded in 1981, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year. Expenses of $2.9M left a modest 4% surplus.

Mission

Provide life insurance and medical insurance to the employees and medical insurance to the employees' dependents if elected by the employee.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,039,294
Investment Income $315
Other Revenue $0
TOTAL REVENUE $3,039,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,925,724
Other Expenses $109,238
TOTAL EXPENSES $2,925,724

Year-over-Year Comparison

2020 2019 Change
Revenue $3,039,609 $3,762,328 -0.2%
Expenses $2,925,724 $3,588,754 -0.2%
Net Income $113,885 $173,574 -0.3%
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

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Governance

Voting Members
1
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
0
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
S S Latimerr Vice President-Administration 10.00
Director
$0 $0 $0
I R Nolen Jr Vice Presidnet-Finance 5.00
Key Emp
$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
2021 $3,039,609 $2,925,724 $465,939 $113,885
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