AKRON SUMMIT COMMUNITY ACTION INC … - 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

2012

Legal Domicile

Principal Officer

MALCOLM COSTA

Phone

3303767730

Tax Period

2023-01-01 to 2023-12-31

AKRON SUMMIT COMMUNITY ACTION INC HEALTH AND WELFARE BENEFIT PLAN TRUST DBA GOHIO, founded in 2012, is a community nonprofit in the Mutual Benefit sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE TRUST HAS BEEN ESTABLISHED FOR THE SOLE PURPOSE OF PROVIDING HEALTH AND OTHER EMPLOYEE BENEFITS FOR PARTICIPANTS UNDER THE PLAN.

Program Service Accomplishments

Program 1

CLAIMS PAID ON BEHALF OF MEMBERS FOR HOSPITAL AND MEDICAL BENEFITS

Program 2

CLAIMS AND PREMIUMS PAID ON BEHALF OF MEMBERS FOR PRESCRIPTION BENEFITS.

Program 3

STOP LOSS COVERAGE PAID ON BEHALF OF MEMBERS FOR HOSPITAL AND MEDICAL BENEFIT PAYMENTS.

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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 $3,043,052

Investment Income $56,390

Other Revenue $0

TOTAL REVENUE $3,099,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $692,991

TOTAL EXPENSES $3,597,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,099,442	$2,703,050	+0.1%
Expenses	$3,597,044	$3,184,598	+0.1%
Net Income	$-497,602	$-481,548	+0.0%

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

$247,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALCOLM COSTA	TRUSTEE	5.00	Director	$0	$36,181	$247,434

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	$3,099,442	$3,597,044	$2,322,128	$-497,602
2022	$2,703,050	$3,184,598	$2,901,258	$-481,548
2021	$3,038,517	$2,895,599	$3,315,988	$142,918
2020	$3,042,463	$2,639,136	$3,164,786	$403,327
2019	$2,879,793	$2,895,616	$2,415,610	$-15,823
2018	$2,875,237	$2,794,279	$2,520,252	$80,958

AKRON SUMMIT COMMUNITY ACTION INC HEALTH AND WELFARE BENEFIT PLAN TRUST DBA GOHIO