OPTA OPSRP Benefit Trust Fund

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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

2007

Legal Domicile

Principal Officer

Peter Kalenik

Phone

7162096223

Tax Period

2023-10-01 to 2024-09-30

OPTA OPSRP Benefit Trust Fund, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 8% surplus.

Mission

The trust provides dental, flex, and 105H medical benefits to eligible participants of the trust

Program Service Accomplishments

Program 1

Funds are held in trust to provide various benefits to its participating members. Benefits are provided all year to its members.

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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 $1,219,545

Investment Income $0

Other Revenue $42,702

TOTAL REVENUE $1,262,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,500

Fundraising Expenses $0

Other Expenses $44,294

TOTAL EXPENSES $1,163,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,262,247	$1,744,268	-0.3%
Expenses	$1,163,750	$1,253,182	-0.1%
Net Income	$98,497	$491,086	-0.8%

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
Jim Waack	President	1.00	Officer	$0	$0	$0
Pete Kalenik	Trustee	1.00	Director	$0	$0	$0
Rebecca Overton	Trustee	1.00	Director	$0	$0	$0
Albert Jafarjian	Trustee	1.00	Director	$0	$0	$0
Majorie Kaczmarek	Trustee	1.00	Director	$0	$0	$0
Janet Stadey	Trustee	1.00	Director	$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
2025	No data	No data	No data	No data
2024	$1,262,247	$1,163,750	No data	$98,497
2023	$1,744,268	$1,253,182	No data	$491,086
2022	$1,340,995	$126,991	No data	$1,214,004
2021	$1,230,373	$1,113,049	No data	$117,324
2020	$1,306,827	$984,611	No data	$322,216
2019	$1,285,642	$1,121,315	No data	$164,327
2018	$1,237,096	$1,099,647	$878,028	$137,449