R LACY SERVICES LTD EMPLOYEE BENEF… - 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

1983

Legal Domicile

Principal Officer

TEXAS BANK TRUST COMPANY

Phone

9037588276

Tax Period

2023-01-01 to 2023-12-31

R LACY SERVICES LTD EMPLOYEE BENEFIT TRUST, founded in 1983, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

PLAN COLLECTS PREMIUMS TO PAY MEDICAL CLAIMS AND ADMINISTRATIVE EXPENSES

Program Service Accomplishments

Program 1

Expenses: $4,521,025 Revenue: $3,700,000

BENEFITS PAID, INSURANCE PREMIUMS PAID AND RELATED EXPENSES TO PAY MEDICAL CLAIMS OF BENEFICIARIES

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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 $3,700,000

Investment Income $0

Other Revenue $819,715

TOTAL REVENUE $4,519,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,521,025

Other Expenses $892,784

TOTAL EXPENSES $4,521,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,519,715	$2,900,675	+0.6%
Expenses	$4,521,025	$2,930,497	+0.5%
Net Income	$-1,310	$-29,822	-1.0%

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
TEXAS BANK TRUST COMPANY	Trustee	1.00		$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	$4,519,715	$4,521,025	$252,653	$-1,310
2022	$2,900,675	$2,930,497	$253,963	$-29,822
2021	$3,619,017	$3,404,844	$283,785	$214,173
2020	$3,014,831	$3,097,304	$69,612	$-82,473
2019	$2,907,859	$2,944,100	$152,085	$-36,241
2018	$2,405,153	$2,442,237	$188,326	$-37,084

R LACY SERVICES LTD EMPLOYEE BENEFIT TRUST