THUNDERBIRD RETIREES INC HEALTH AND

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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

2006

Legal Domicile

Principal Officer

MICHAEL PITTS

Phone

8124641584

Tax Period

2024-09-01 to 2025-08-31

THUNDERBIRD RETIREES INC HEALTH AND, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $405K, a strong 36% operating margin.

Mission

TO FUND MEDICAL INSURANCE PREMIUMS FOR FORMER BARGAINING UNIT EMPLOYEES OF THUNDERBIRD MINING CO. AND THEIR SURVIVING SPOUSES AND CERTAIN DEPENDENTS UNDER THE THUNDERBIRD MINING CO. RETIREE HEALTH AND WELFARE BENEFITS PLAN.

Program Service Accomplishments

Program 1

Expenses: $706,371 Revenue: $190,993

THE VEBA PROVIDED MEDICAL INSURANCE PREMIUM BENEFITS UNDER THE THUNDERBIRD MINING, CO. RETIREE HEALTH AND WELFARE BENEFITS PLAN FOR APPROXIMATELY 300 PARTICIPANTS.

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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 $920,575

Investment Income $190,993

Other Revenue $0

TOTAL REVENUE $1,111,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,757

Fundraising Expenses $0

Program Expenses $706,371

Other Expenses $70,432

TOTAL EXPENSES $706,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,111,568	$1,120,713	0.0%
Expenses	$706,371	$776,567	-0.1%
Net Income	$405,197	$344,146	+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

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
OLD NATIONAL WEALTH MGMT	TRUSTEE	1.0		$12,757	$0	$12,757

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	$1,111,568	$706,371	$5,974,077	$405,197
2024	$1,120,713	$776,567	$5,498,676	$344,146
2023	$1,223,096	$797,875	$5,142,535	$425,221
2022	$948,503	$854,354	$4,644,244	$94,149
2021	$1,111,439	$932,532	$4,969,961	$178,907
2020	$1,139,030	$912,207	$4,837,388	$226,823