HOWARD ENERGY EMPLOYEE BENEFIT TRU… - 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

1975

Legal Domicile

Principal Officer

ROBERT HOWARD

Phone

3035133999

Tax Period

2022-05-01 to 2023-04-30

HOWARD ENERGY EMPLOYEE BENEFIT TRUST, founded in 1975, is a small nonprofit that reported $603K in total revenue in fiscal year 2022. Expenses of $670K exceeded revenue, resulting in a 11% operating deficit.

Mission

GROUP HEALTH PROGRAM FOR MEDICAL EXPENSES. THE PLAN COVERED 31 EMPLOYEES AND EARLY RETIREES AND WAS TERMINATED ON JAN. 1, 2023. ALL CLAIMS AND EXPENSES WERE PAID. NO FUNDS REMAIN AT THE END OF THE YEAR.

Program Service Accomplishments

Program 1

Expenses: $669,654

GROUP HEALTH PROGRAM FOR MEDICAL EXPENSES. THE PLAN COVERED 31 EMPLOYEES AND EARLY RETIREES AND WAS TERMINATED ON JAN. 1, 2023. THE PROGRAM REMAINED IN PLACE AFTER 1/1/23 TO PAY ANY OUTSTANDING...

GROUP HEALTH PROGRAM FOR MEDICAL EXPENSES. THE PLAN COVERED 31 EMPLOYEES AND EARLY RETIREES AND WAS TERMINATED ON JAN. 1, 2023. THE PROGRAM REMAINED IN PLACE AFTER 1/1/23 TO PAY ANY OUTSTANDING CLAIMS. ALL EXPENSES AND CLAIMS WERE PAID. NO FUNDS REMAIN AT THE END OF THE YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $602,861

Investment Income $10

Other Revenue $0

TOTAL REVENUE $602,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $669,654

Other Expenses $198,437

TOTAL EXPENSES $669,654

Year-over-Year Comparison

	2022	2021	Change
Revenue	$602,871	$626,521	0.0%
Expenses	$669,654	$791,544	-0.2%
Net Income	$-66,783	$-165,023	-0.6%

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

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	Role	Reportable Comp	Other Comp	Total
RICHARD D NEWELL	TRUSTEE (TO 9/29/22)	Director	$0	$0	$0
PAT MCGUIRE	TRUSTEE (9/30/22 TO 12/31/23)	Director	$0	$0	$0
ROBERT C HOWARD	TRUSTEE (1/1/2024 TO CURRENT)	Director	$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	$602,871	$669,654	No data	$-66,783
2022	$626,521	$791,544	$96,190	$-165,023
2021	$811,309	$770,670	$253,210	$40,639
2020	$1,257,700	$1,234,832	$281,274	$22,868

HOWARD ENERGY EMPLOYEE BENEFIT TRUST