FAUST DISTRIBUTING Co EMPLOYEE BEN… - 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

1988

Legal Domicile

Principal Officer

Jason Gietka

Phone

7136735111

Tax Period

2024-01-01 to 2024-12-31

FAUST DISTRIBUTING Co EMPLOYEE BENEFIT PLAN, founded in 1988, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

The Plans mission is to provide health benefits to eligible members of the Plan.

Program Service Accomplishments

Program 1

Expenses: $2,255,650

MEDICAL CLAIMS WERE PROVIDED TO THE APPROXIMATELY 365 ELIGIBLE PARTICIPANTS OF THE PLAN AND THEIR DEPENDENTS

Program 2

Expenses: $1,078,298

MEDICAL INSURANCE PREMIUMS WERE PAID FOR HEALTH INSURANCE FOR THE APPROXIMATELY 365 ELIGIBLE PARTICIPANTS OF THE PLAN

Program 3

Expenses: $138,354

LIFE INSURANCE WAS PAID FOR THE APPROXIMATELY 365 ELIGIBLE MEMBERS OF THE PLAN AND THEIR DEPENDENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,079,858

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,079,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,472,302

Other Expenses $0

TOTAL EXPENSES $3,472,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,079,858	$3,366,343	-0.1%
Expenses	$3,472,302	$3,695,901	-0.1%
Net Income	$-392,444	$-329,558	+0.2%

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
DONALD FAUST Jr	CHAIRMAN	002.00	Officer Director	$0	$0	$0
Jason Gietka	TRUSTEE	002.00	Officer Director	$0	$0	$0
TYSON FAUST	TRUSTEE	002.00	Director	$0	$0	$0
HARRY FAUST	TRUSTEE	002.00	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	$3,079,858	$3,472,302	$587,233	$-392,444
2023	$3,366,343	$3,695,901	$1,002,291	$-329,558
2022	$3,191,855	$2,636,284	$1,028,360	$555,571
2021	$3,075,241	$3,846,774	$706,108	$-771,533
2020	$3,242,334	$3,240,425	$1,275,418	$1,909
2019	$3,254,178	$2,973,470	$1,143,508	$280,708
2018	$3,628,022	$3,583,540	$1,008,680	$44,482

FAUST DISTRIBUTING Co EMPLOYEE BENEFIT PLAN