MCANANY VAN CLEAVE & PHILLIPS WELF… - 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

PHILLIP SANDERS

Phone

9133713838

Tax Period

2024-01-01 to 2024-12-31

MCANANY VAN CLEAVE & PHILLIPS WELFARE BENEFIT PLAN, founded in 2020, is a community nonprofit in the Mutual Benefit sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 9% surplus.

Mission

THE SOLE PURPOSE OF THE TRUST IS TO HOLD THE ASSETS OF THE WELFARE BENEFIT PLAN AND TO FUND THE COST OF HEALTH CARE AND OTHER EMPLOYEE BENEFITS FOR THE EMPLOYEES OF MCANANY, VAN CLEAVE & PHILLIPS, PA ('MVP'), AND ITS ELIGIBLE DEPENDENTS.

Program Service Accomplishments

Program 1

N/A

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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 $3,641,368

Investment Income $76,600

Other Revenue $0

TOTAL REVENUE $3,717,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $899,936

TOTAL EXPENSES $3,374,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,717,968	$3,084,439	+0.2%
Expenses	$3,374,758	$2,710,898	+0.2%
Net Income	$343,210	$373,541	-0.1%

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
PHILLIP SANDERS	TRUSTEE & TREASURER	1.00	Officer Director	$0	$0	$0
BRYON BOWLES	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MENGHINI	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	$3,717,968	$3,374,758	$3,096,948	$343,210
2023	$3,084,439	$2,710,898	$2,753,738	$373,541
2022	$3,903,871	$2,689,036	$2,380,197	$1,214,835

MCANANY VAN CLEAVE & PHILLIPS WELFARE BENEFIT PLAN