MARTIN SPROCKET & GEAR INC VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST (EIN 751874992) - 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

1983

Legal Domicile

Principal Officer

KIM REASONER

Phone

8172583000

Tax Period

2021-07-01 to 2022-06-30

MARTIN SPROCKET & GEAR INC VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST, founded in 1983, is a mid-sized nonprofit that reported $21.0M in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year.

Mission

LIFE, SICKNESS, AND ACCIDENT BENEFITS PROVIDED TO EMPLOYEES

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $21,030,150

Investment Income $5

Other Revenue $0

TOTAL REVENUE $21,030,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,898

Fundraising Expenses $0

Program Expenses $19,468,385

Other Expenses $1,926,413

TOTAL EXPENSES $21,394,798

Year-over-Year Comparison

	2021	2020	Change
Revenue	$21,030,155	$22,383,358	-0.1%
Expenses	$21,394,798	$22,225,872	0.0%
Net Income	$-364,643	$157,486	-3.3%

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

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

$142,501

Total Directors

$3,424,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE R MARTIN JR	TRUSTEE	1.00	Director	$0	$15,193	$3,424,756
CHARLES B MILLIKEN	TRUSTEE	1.00	Director	$0	$0	$0
KATHY HODGES	MANAGER	1.00	Officer	$0	$0	$34,506
KIMBERLY REASONER	MANAGER	1.00	Officer	$0	$7,048	$107,995

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
2022	$21,030,155	$21,394,798	$75,591	$-364,643
2021	$22,383,358	$22,225,872	$688,823	$157,486
2020	$22,273,083	$20,569,056	$532,986	$1,704,027
2019	$17,665,595	$20,518,824	$24,968	$-2,853,229
2018	$16,864,313	$16,729,530	$1,683,682	$134,783

MARTIN SPROCKET & GEAR INC VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST