ATLANTIC TELEPHONE MEMBERSHIP CORPORATION RETIREE WELFARE TRUST (EIN 208662055) - 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

2006

Legal Domicile

Principal Officer

KIM EDWARDS

Phone

9107544301

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC TELEPHONE MEMBERSHIP CORPORATION RETIREE WELFARE TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $5.0M exceeded revenue, resulting in a 336% operating deficit.

Mission

PROVIDES CERTAIN MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS ALONG WITH DISCOUNTS ON TELEPHONE, INTERNET AND CABLE TELEVISION SERVICES FOR THE ELIGIBLE RETIREES OF THE ATLANTIC TELEPHONE MEMBERSHIP CORPORATION AND DEPENDENTS OF SUCH 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $784,939

Investment Income $364,707

Other Revenue $0

TOTAL REVENUE $1,149,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $83,210

TOTAL EXPENSES $5,018,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,149,646	$1,116,655	+0.0%
Expenses	$5,018,148	$877,291	+4.7%
Net Income	$-3,868,502	$239,364	-17.2%

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

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

$613,256

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH HOLDEN	CEO	1.00	Director	$0	$38,400	$393,792
KIM EDWARDS	VP ACCOUNTING & FINANCE	1.00	Director	$0	$10,034	$193,664
WHITNEY KING	BOARD PRESIDENT	1.00	Director	$0	$0	$25,800

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	No data	No data	No data	No data
2023	$1,149,646	$5,018,148	$13,988,935	$-3,868,502
2022	$1,116,655	$877,291	$15,902,654	$239,364
2021	$2,700,585	$935,224	$18,926,434	$1,765,361
2020	$2,010,292	$986,080	$16,605,736	$1,024,212
2019	$2,457,982	$899,291	$14,710,547	$1,558,691
2018	$2,085,732	$762,882	$11,876,310	$1,322,850

ATLANTIC TELEPHONE MEMBERSHIP CORPORATION RETIREE WELFARE TRUST