KCI HOLDING USA EMPLOYEE HEALTH CA… - 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

STEVEN MAYES

Phone

9375255533

Tax Period

2024-01-01 to 2024-12-31

KCI HOLDING USA EMPLOYEE HEALTH CARE PLAN TRUST, founded in 2020, is a mid-sized nonprofit in the Mutual Benefit sector that reported $47.8M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $46.1M left a modest 4% surplus.

Mission

SECTION 501(C)(9) VEBA TRUST ESTABLISHED TO PROVIDE ONE OR MORE WELFARE BENEFIT PLANS FOR THE BENEFIT OF THOSE EMPLOYEES WHO ARE ELIGIBLE FOR COVERAGE THEREUNDER.

Program Service Accomplishments

Program 1

SECTION 501(C)(9) VEBA TRUST ESTABLISHED TO PROVIDE ONE OR MORE WELFARE BENEFIT PLANS FOR THE BENEFIT OF THOSE EMPLOYEES WHO ARE ELIGIBLE FOR COVERAGE THEREUNDER.

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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 $47,696,964

Investment Income $84,173

Other Revenue $0

TOTAL REVENUE $47,781,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,043

Fundraising Expenses $0

Other Expenses $2,849,796

TOTAL EXPENSES $46,094,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,781,137	$34,231,169	+0.4%
Expenses	$46,094,981	$33,040,585	+0.4%
Net Income	$1,686,156	$1,190,584	+0.4%

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

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		$12,043	$0	$12,043

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	$47,781,137	$46,094,981	$10,215,106	$1,686,156
2023	$34,231,169	$33,040,585	$7,409,063	$1,190,584
2022	$34,554,855	$28,336,384	$6,218,479	$6,218,471
2021	$16,468,546	$16,468,538	$8	$8

KCI HOLDING USA EMPLOYEE HEALTH CARE PLAN TRUST