Keep US Covered

🔒

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

2021

Legal Domicile

Principal Officer

Erik Smith

Phone

2023310110

Tax Period

2023-01-01 to 2023-12-31

Keep US Covered, founded in 2021, is a small nonprofit that reported $278K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $365K exceeded revenue, resulting in a 31% operating deficit.

Mission

The purpose of the organization is to ensure that workers and consumers have quality, reliable health care options.

Program Service Accomplishments

Program 1

Expenses: $183,832 Revenue: $0

The organization engaged in activities that worked to ensure that workers and consumers have quality, reliable health coverage options.

🔒

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 $278,365

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,832

Other Expenses $365,228

TOTAL EXPENSES $365,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,365	$477,577	-0.4%
Expenses	$365,228	$480,708	-0.2%
Net Income	$-86,863	$-3,131	+26.7%

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

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
Ankit Desai	Member Manager	0.10	Director	$0	$0	$0
Erik Smith	Member Manager, Treasurer	0.10	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
2023	$278,365	$365,228	$15,809	$-86,863
2022	$477,577	$480,708	$102,673	$-3,131
2021	$740,114	$634,310	$105,804	$105,804
2021	$560,114	$454,310	$105,804	$105,804