MEDICAL BENEFITS PLAN FOR RETIRED PHYSICIANS AND SALARIED EMPLOYEES (EIN 942968245) - 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

1994

Legal Domicile

Principal Officer

STATE STREET BANK

Phone

5102716903

Tax Period

2023-01-01 to 2023-12-31

MEDICAL BENEFITS PLAN FOR RETIRED PHYSICIANS AND SALARIED EMPLOYEES, founded in 1994, is a micro nonprofit that reported $73K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 1577% operating deficit.

Mission

TO PROVIDE MEDICAL BENEFITS FOR RETIRED PHYSICIANS, SALARIED EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS OF THE PERMANENTE MEDICAL GROUP, 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 $0

Investment Income $72,920

Other Revenue $0

TOTAL REVENUE $72,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,574

Fundraising Expenses $0

Other Expenses $501

TOTAL EXPENSES $1,222,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,920	$45,475	+0.6%
Expenses	$1,222,876	$1,428,365	-0.1%
Net Income	$-1,149,956	$-1,382,890	-0.2%

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
STATE STREET BANK TRUST COMP	TRUSTEE	1.0		$9,508	$0	$9,508

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	$72,920	$1,222,876	$2,995,325	$-1,149,956
2022	$45,475	$1,428,365	$4,082,403	$-1,382,890
2021	$228,904	$1,751,691	$5,741,214	$-1,522,787
2020	$297,322	$1,886,050	$7,431,251	$-1,588,728
2019	$392,410	$2,477,571	$8,983,894	$-2,085,161
2018	$626,340	$2,469,253	$10,871,522	$-1,842,913

MEDICAL BENEFITS PLAN FOR RETIRED PHYSICIANS AND SALARIED EMPLOYEES