Royal Health Benefit Trust

EIN: 836619242 Mutual Benefit

Brooklyn, NY

Total Revenue
$22,382,796
Total Expenses
$20,022,411
Total Assets
$11,029,813
Net Assets
$3,884,518
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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
2019
Legal Domicile
NY
Principal Officer
Leopold Friedman
Phone
7188527000
Tax Period
2024-05-01 to 2025-04-30

Royal Health Benefit Trust, founded in 2019, is a mid-sized nonprofit in the Mutual Benefit sector that reported $22.4M in total revenue in fiscal year 2024. Expenses of $20.0M left a modest 11% surplus.

Mission

TO MAINTAIN THE ASSETS OF HEALTH AND WELFARE BENEFIT PLANS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $22,382,796
Investment Income $0
Other Revenue $0
TOTAL REVENUE $22,382,796

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,420,125
Other Expenses $3,879,141
TOTAL EXPENSES $20,022,411

Year-over-Year Comparison

2024 2023 Change
Revenue $22,382,796 $22,867,193 0.0%
Expenses $20,022,411 $19,820,359 +0.0%
Net Income $2,360,385 $3,046,834 -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

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Governance

Voting Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leopold Friedman Trustee 1.00
Director
$0 $0 $0
Monica Terrano Trustee 5.00
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
2025 $22,382,796 $20,022,411 $11,029,813 $2,360,385
2024 $22,867,193 $19,820,359 $12,402,186 $3,046,834
2023 $2,787,541 $1,802,127 $8,482,250 $985,414
2022 $15,626,696 $16,560,426 $6,313,266 $-933,730
2021 $6,492,208 $6,208,206 $1,617,498 $284,002
2020 $3,684,184 $3,939,149 $988,737 $-254,965
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