PIKETON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OVEC-IKEC UNION RETIREE MEDICAL TRUST, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $1.3M, a strong 38% operating margin.
THE PRIMARY PURPOSE OF THE TRUST IS TO RECEIVE AND HOLD PAYMENTS FOR THE PROVISION OF MEDICAL BENEFITS UNDER THE PLAN(S) ESTABLISHED FOR CURRENT AND FUTURE RETIREES OF THE OHIO VALLEY ELECTRIC CORPORATION AND INDIANA-KENTUCKY ELECTRIC CORPORATION WHO ARE COVERED BY CERTAIN COLLECTIVE BARGAINING AGREEMENTS AND THEIR DEPENDENTS.
THE TRUST CONTINUES TO HOLD, INVEST, REINVEST ITS ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE MEDICAL BENEFITS FOR THE CURRENT AND RETIRED EMPLOYEES (AND THEIR DEPENDENTS) OF OHIO...
THE TRUST CONTINUES TO HOLD, INVEST, REINVEST ITS ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE MEDICAL BENEFITS FOR THE CURRENT AND RETIRED EMPLOYEES (AND THEIR DEPENDENTS) OF OHIO VALLEY ELECTRIC CORP AND INDIANA-KENTUCKY ELECTRIC CORP WHO ARE COVERED BY CERTAIN COLLECTIVE BARGAINING AGREEMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,397,115 | $3,772,268 | -0.1% |
| Expenses | $2,095,201 | $3,592,216 | -0.4% |
| Net Income | $1,301,914 | $180,052 | +6.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JUSTIN J COOPER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PHILLIP S MCALLISTER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TINA I COLLINS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM A HART | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KASSANDRA K MARTIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID C REHKOPF | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 2.00 |
|
$22,835 | $0 | $22,835 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $3,397,115 | $2,095,201 | $86,213,084 | $1,301,914 |
| 2023 | $3,772,268 | $3,592,216 | $84,911,170 | $180,052 |
| 2022 | $3,402,152 | $1,595,680 | $84,804,109 | $1,806,472 |
| 2021 | $6,330,426 | $1,928,870 | $82,997,637 | $4,401,556 |
| 2020 | $4,521,262 | $1,697,072 | $78,596,081 | $2,824,190 |
Compare OVEC-IKEC UNION RETIREE MEDICAL TRUST with other nonprofits in Ohio and across the country.