SIVALLS INC AND CONTROL EQUIPMENT … - 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

1981

Legal Domicile

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 for the employees and medical insurance for the employees' dependents if so elected.

Program Service Accomplishments

Program 1

Expenses: $2,925,724 Revenue: $3,039,609

Provide medical benefits to the employees and employees' dependents in the amount of $1,196,594. Provide coverage on prescription drug claims in the amount of $588,410. Purchase specific stop loss...

Provide medical benefits to the employees and employees' dependents in the amount of $1,196,594. Provide coverage on prescription drug claims in the amount of $588,410. Purchase specific stop loss insurance coverage in the amount of $ 658,400 and Administrative and Audit expenses of $109,238.

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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 (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

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
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

SIVALLS INC AND CONTROL EQUIPMENT INC MEDICAL PLAN TRUST