SULLIVAN BENSON LLC EMPLOYEES' WEL… - 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

2020

Legal Domicile

Principal Officer

JACQUELINE T FERGUSON

Phone

8605173284

Tax Period

2023-01-01 to 2023-12-31

SULLIVAN BENSON LLC EMPLOYEES' WELFARE BENEFITS TRUST, founded in 2020, is a small nonprofit in the Mutual Benefit sector that reported $168K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $201K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE TRUST FUND SHALL BE USED FOR THE PURPOSE OF PROVIDING HEALTH INSURANCE AND OTHER BENEFITS PERMITTED UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE FOR THE EMPLOYEES OF SULLIVAN BENSON, LLC.

Program Service Accomplishments

Program 1

PROVIDING HEALTH INSURANCE AND OTHER BENEFITS FOR THE EMPLOYEES OF SULLIVAN BENSON LLC

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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 $168,314

Investment Income $0

Other Revenue $0

TOTAL REVENUE $168,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7

TOTAL EXPENSES $200,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,314	$222,056	-0.2%
Expenses	$200,638	$190,495	+0.1%
Net Income	$-32,324	$31,561	-2.0%

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

Employees

N/A

Volunteers

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
JACQUELINE T FERGUSON	TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$168,314	$200,638	$105,090	$-32,324
2022	$222,056	$190,495	$137,414	$31,561
2021	$255,251	$168,102	$105,853	$87,149

SULLIVAN BENSON LLC EMPLOYEES' WELFARE BENEFITS TRUST