Harmons Employee Welfare Benefit Plan Trust (EIN 942667827) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

Justin Mangone

Phone

8019578464

Tax Period

2023-01-01 to 2023-12-31

Harmons Employee Welfare Benefit Plan Trust, founded in 1979, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Provide medical, dental, disability and life benefits to the employees of Harmon City, Inc.

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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 $13,436,330

Investment Income $20,842

Other Revenue $0

TOTAL REVENUE $13,457,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,500

Fundraising Expenses $0

Program Expenses $13,323,892

Other Expenses $883,701

TOTAL EXPENSES $13,323,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,457,172	$12,259,355	+0.1%
Expenses	$13,323,892	$13,664,253	0.0%
Net Income	$133,280	$-1,404,898	-1.1%

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

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
N/A	Trustee	0.10		$12,500	$0	$12,500
Justin Mangone	Controller	1.00	Officer	$0	$0	$0
Nicole Lengel	CFO	1.00	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	$13,457,172	$13,323,892	$1,593,262	$133,280
2022	$12,259,355	$13,664,253	$1,580,282	$-1,404,898
2021	$11,864,293	$14,033,477	$2,798,194	$-2,169,184
2020	$11,219,651	$9,973,947	$4,547,718	$1,245,704
2019	$11,345,904	$10,883,840	$3,346,595	$462,064
2018	$10,510,905	$10,292,120	$2,769,567	$218,785

Harmons Employee Welfare Benefit Plan Trust