OVEC-IKEC UNION RETIREE MEDICAL TRUST (EIN 202499367) - 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

2004

Legal Domicile

Principal Officer

PNC BANK

Phone

7402897200

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

MEDICAL BENEFITS FOR CURRENT AND FUTURE RETIREES OF THE OVEC AND IKEC AND THEIR DEPENDENTS.

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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 $0

Investment Income $3,397,115

Other Revenue $0

TOTAL REVENUE $3,397,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,835

Fundraising Expenses $0

Other Expenses $24,202

TOTAL EXPENSES $2,095,201

Year-over-Year Comparison

	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%

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	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

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	$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

OVEC-IKEC UNION RETIREE MEDICAL TRUST