ISO NEW ENGLAND INC RETIREE MEDICA… - 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

2003

Legal Domicile

Principal Officer

ANTHONY DEANGELIS

Phone

4135354014

Tax Period

2024-01-01 to 2024-12-31

ISO NEW ENGLAND INC RETIREE MEDICAL DENTAL AND LIFE TRUST, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 49% operating margin.

Mission

TO PROVIDE MEDICAL, DENTAL AND LIFE INSURANCE BENEFITS TO ALL ELIGIBLE RETIREES AND THEIR ELIGIBLE DEPENDENTS COVERED UNDER THE ISO NEW ENGLAND INC. RETIREE WELFARE BENEFIT PLAN.

Program Service Accomplishments

Program 1

PROVIDED MEDICAL, DENTAL AND LIFE INSURANCE BENEFITS TO ALL ELIGIBLE RETIREES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $614,000

Investment Income $1,476,307

Other Revenue $0

TOTAL REVENUE $2,090,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,063,621

TOTAL EXPENSES $1,063,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,090,307	$1,666,240	+0.3%
Expenses	$1,063,621	$1,065,245	0.0%
Net Income	$1,026,686	$600,995	+0.7%

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

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	DIRECTED TRUSTEE	1.00		$4,136	$0	$4,136

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	$2,090,307	$1,063,621	$28,429,017	$1,026,686
2023	$1,666,240	$1,065,245	$26,309,122	$600,995
2022	$206,768	$1,008,650	$23,686,583	$-801,882
2021	$5,233,173	$848,524	$28,382,920	$4,384,649
2020	$1,120,105	$693,757	$25,876,182	$426,348
2019	$1,220,774	$663,743	$22,967,420	$557,031
2018	$7,781,081	$526,651	$19,231,258	$7,254,430

ISO NEW ENGLAND INC RETIREE MEDICAL DENTAL AND LIFE TRUST