PERSPECTA HEALTH AND WELFARE TRUST (EIN 846853170) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

BERNADETTE LONG

Phone

8002502741

Tax Period

2024-01-01 to 2024-12-31

PERSPECTA HEALTH AND WELFARE TRUST, founded in 2019, is a mid-sized nonprofit in the Mutual Benefit sector that reported $16.4M in total revenue in fiscal year 2021. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $18.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE TRUST PROVIDES FRINGE BENEFITS TO EMPLOYEES COVERED BY THE SERVICE CONTRACT ACT. EMPLOYEE BENEFITS INCLUDING HEALTH, DENTAL, VISION, LIFE AND SHORT-TERM DISABILITY INSURANCE AND PAID TIME OFF ARE REQUIRED TO MEET MINIMUM PREVAILING WAGE RATES AS REQUIRED UNDER THE ACT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,923,699

Investment Income $38,285

Other Revenue $0

TOTAL REVENUE $15,961,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,390

Fundraising Expenses $0

Other Expenses $1,121,917

TOTAL EXPENSES $15,702,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,961,984	$13,721,231	+0.2%
Expenses	$15,702,762	$13,888,944	+0.1%
Net Income	$259,222	$-167,713	-2.5%

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
N/A	TRUSTEE	1.00		$10,390	$0	$10,390
SEAN JOO	SVP TOTAL REWARDS	1.00	Officer	$0	$0	$0
BERNADETTE LONG	SNR. DIRECTOR BENEFITS	1.00	Officer	$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	$15,961,984	$15,702,762	$3,208,470	$259,222
2023	$13,721,231	$13,888,944	$2,846,609	$-167,713
2022	$13,318,889	$13,072,941	$3,040,870	$245,948
2021	$16,377,029	$18,687,302	$2,778,689	$-2,310,273
2021	$16,377,027	$18,687,300	$3,061,169	$-2,310,273

PERSPECTA HEALTH AND WELFARE TRUST