PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH AND WELFARE FUND (EIN 232121745) - 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

1980

Legal Domicile

Principal Officer

MELVIN S RIDDICK

Phone

7172557140

Tax Period

2024-09-01 to 2025-08-31

PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH AND WELFARE FUND, founded in 1980, is a mid-sized nonprofit that reported $20.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $18.2M left a modest 9% surplus.

Mission

THE PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH & WELFARE FUND PROVIDES LIFE, TRAVEL, ACCIDENT AND DISABILITY INCOME BENEFITS ON A FULLY INSURED BASIS AND DENTAL AND VISION BENEFITS ON A SELF-FUNDED BASIS FOR THE TEACHING PROFESSION AND OTHER SCHOOL EMPLOYEES IN THE COMMONWEALTH OF PENNSYLVANIA.

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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 $18,570,153

Investment Income $1,442,636

Other Revenue $0

TOTAL REVENUE $20,012,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $900,432

Fundraising Expenses $0

Other Expenses $17,340,896

TOTAL EXPENSES $18,241,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,012,789	$18,087,421	+0.1%
Expenses	$18,241,328	$16,543,420	+0.1%
Net Income	$1,771,461	$1,544,001	+0.1%

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

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

$346,922

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHAEL WEST	TRUSTEE	1.00	Director	$0	$60,561	$155,765
JEFFREY D NEY	TRUSTEE	1.00	Director	$0	$63,021	$191,157
MELVIN S RIDDICK	TRUSTEE - CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ARTHUR ALOISE	TRUSTEE	1.00	Director	$0	$0	$0
JACK KELLY	TRUSTEE	1.00	Director	$0	$0	$0
WENDY SHEEDER	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH STEEVES	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	$20,012,789	$18,241,328	$46,769,100	$1,771,461
2024	$18,087,421	$16,543,420	$43,167,296	$1,544,001
2023	$15,977,751	$14,933,601	$37,951,346	$1,044,150
2022	$13,782,071	$13,355,640	$36,220,851	$426,431
2021	$14,006,160	$12,355,761	$39,567,241	$1,650,399
2020	$12,479,467	$10,132,092	$36,373,945	$2,347,375
2019	$18,533,964	$11,441,638	$32,572,951	$7,092,326
2018	$11,624,619	$9,797,452	$33,198,391	$1,827,167

PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH AND WELFARE FUND