FSA WELFARE PLAN (EIN 900900781) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Phone

8888663275

Tax Period

2024-01-01 to 2024-12-31

FORFEITURE SUPPORT ASSOCIATES LLC WELFARE BENEFIT TRUST, founded in 2005, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2018.

Mission

TO PROVIDE SICKNESS, ACCIDENT, LIFE, DISABILITY AND OTHER WELFARE BENEFITS FOR THOSE EMPLOYEES OF THE COMPANY AND THEIR ELIGIBLE DEPENDENTS COVERED BY THE PLAN

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,678,385

Investment Income $17,266

Other Revenue $0

TOTAL REVENUE $10,695,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,930

Fundraising Expenses $0

Program Expenses $10,614,263

Other Expenses $1,250

TOTAL EXPENSES $10,624,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,695,651	$9,875,430	+0.1%
Expenses	$10,624,443	$9,851,037	+0.1%
Net Income	$71,208	$24,393	+1.9%

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

N/A

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
BANK OF AMERICA	TRUSTEE	N/A		$8,930	$0	$8,930

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
2025	No data	No data	No data	No data
2024	$10,695,651	$10,624,443	$130,444	$71,208
2023	$9,875,430	$9,851,037	$59,752	$24,393
2022	$9,819,574	$9,843,414	$35,565	$-23,840
2021	$13,723,885	$13,995,450	$59,802	$-271,565
2020	$16,308,188	$17,936,090	$329,467	$-1,627,902
2019	$13,698,378	$13,660,119	$2,147,128	$38,259
2018	$13,222,483	$13,332,421	$681,189	$-109,938

FSA WELFARE PLAN