PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST (EIN 256862258) - 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

KELBY WALTMAN

Phone

7172557000

Tax Period

2024-07-01 to 2025-06-30

PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 75% operating margin.

Mission

THE PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST PROVIDES HEALTH AND PRESCRIPTION DRUG BENEFITS ON AN INSURED BASIS FOR CERTAIN RETIREES OF PENNSYLVANIA STATE EDUCATION ASSOCIATION.

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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 $667,463

Investment Income $2,872,106

Other Revenue $0

TOTAL REVENUE $3,539,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,563

Fundraising Expenses $0

Other Expenses $71,313

TOTAL EXPENSES $874,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,539,569	$1,700,090	+1.1%
Expenses	$874,787	$820,461	+0.1%
Net Income	$2,664,782	$879,629	+2.0%

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

$224,010

Total Directors

$2,020,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORRY SCHACHERN	VEBA COMMITTEE CHAIRPERSON	1.00	Officer Director	$0	$49,347	$224,010
JOSEPH M THAYER	VEBA COMMITTEE MEMBER	1.00	Director	$0	$57,538	$272,654
DANIEL C MERCER	VEBA COMMITTEE MEMBER	1.00	Director	$0	$51,738	$219,439
JENNIFER L WERT	VEBA COMMITTEE MEMBER	1.00	Director	$0	$54,136	$217,639
LISA LYTER	ALTERNATE VEBA COMMITTEE M	1.00	Director	$0	$66,010	$256,679
JOHN ABE	VEBA COMMITTEE MEMBER (ENDING 5/30/25)	1.00	Director	$0	$21,621	$99,792
PHYLLIS HEVERLY FLESHER	VEBA COMMITTEE MEMBER	1.00	Director	$0	$75,779	$287,703
KELBY WALTMAN	VEBA COMMITTEE MEMBER	1.00	Director	$0	$36,001	$251,507
JEFFREY D NEY	VEBA COMMITTEE MEMBER	1.00	Director	$0	$63,021	$191,157
N/A	INSTITUTIONAL TRUSTEE	1.00		$25,563	$0	$25,563

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	$3,539,569	$874,787	$41,141,569	$2,664,782
2024	$1,700,090	$820,461	$36,123,614	$879,629
2023	$1,847,625	$712,660	$32,164,596	$1,134,965
2022	$3,650,923	$687,425	$29,043,931	$2,963,498
2021	$2,471,081	$661,960	$32,735,171	$1,809,121
2020	$566,086	$643,705	$25,954,543	$-77,619
2019	$2,257,997	$679,711	$26,351,809	$1,578,286
2018	$3,416,550	$713,638	$24,899,219	$2,702,912

PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST