Keep US Covered

EIN: 861926919

Washington, DC

Total Revenue
$278,365
Total Expenses
$365,228
Total Assets
$15,809
Net Assets
$15,809
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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
2021
Legal Domicile
DC
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 coverage options.

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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%)

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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
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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

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Governance

Voting Members
2
Independent Members
2
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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