Wage Parity Trust (EIN 856819623) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Joseph Zimmerman

Phone

7182570702

Tax Period

2023-01-01 to 2023-12-31

Wage Parity Trust, founded in 2020, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $736K, a strong 36% operating margin.

Mission

The Wage Parity Trust ("Trust") was formed to fund benefits adopted and maintained by the Employer to comply with the Wage Parity Act. The Trust pays medical, dental, vision, prescription drug, life, accidental death & dismemberment, and health reimbursement arrangement benefits to or on behalf of Eligible Employees and their dependents who are covered by the Ultimate Care, Inc. Health and Welfare Plan ("Plan").

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,044,453

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,044,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,308,300

Other Expenses $928,637

TOTAL EXPENSES $1,308,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,044,453	$2,193,052	-0.1%
Expenses	$1,308,300	$2,257,963	-0.4%
Net Income	$736,153	$-64,911	-12.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Principal Custody Solutions	Trustee	40.00		$0	$0	$15,000
Joseph Zimmerman	CFO	5.00	Officer	$0	$0	$0
Nate Donner	COO	5.00	Officer	$0	$0	$0
Cheskel Spitzer	CEO	5.00	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	No data	No data	No data	No data
2023	$2,044,453	$1,308,300	$2,118,389	$736,153
2022	$2,193,052	$2,257,963	$931,278	$-64,911
2021	$2,942,225	$2,907,190	$648,149	$35,035
2021	$3,058,922	$2,440,957	$1,131,612	$617,965

Wage Parity Trust