Carrix Inc Benefits Trust

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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

1982

Legal Domicile

Principal Officer

Jaime Neal

Phone

2066230304

Tax Period

2023-01-01 to 2023-12-31

Carrix Inc Benefits Trust, founded in 1982, is a mid-sized nonprofit that reported $30.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $27.6M left a modest 9% surplus.

Mission

PROVIDES HEALTHCARE BENEIFTS TO ELIGIBLE MEMBERS AND MAY COVER THEIR DEPENDENTS

Program Service Accomplishments

Program 1

Expenses: $27,643,302 Revenue: $30,419,333

PROVIDES MEDCIAL, DENTAL, PHARMACEUTICAL AND VISION BENEFITS TO ELIGIBLE MEMBERS AND MAY ALSO COVER THEIR DEPENDENTS. THIS PLAN ALSO COVERS HEALTH BENEFITS FOR CERTAIN RETIRED, DISABLED & TERMINATED...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,998,701

Investment Income $420,632

Other Revenue $0

TOTAL REVENUE $30,419,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,643,302

Other Expenses $2,605,004

TOTAL EXPENSES $27,643,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,419,333	$26,876,485	+0.1%
Expenses	$27,643,302	$28,546,561	0.0%
Net Income	$2,776,031	$-1,670,076	-2.7%

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

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
Uffe Ostergaard	CEO	Officer	$0	$0	$0
Jaime Neal	CFO	Officer	$0	$0	$0
Brant Rigby	VP Human Resources	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	$30,419,333	$27,643,302	$14,355,396	$2,776,031
2022	$26,876,485	$28,546,561	$12,258,812	$-1,670,076
2021	$20,538,875	$25,884,061	$13,678,947	$-5,345,186
2020	$27,200,728	$22,050,502	$18,601,613	$5,150,226