OCU HEALTH AND WELFARE TRUST (EIN 261574455) - 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

2008

Legal Domicile

Principal Officer

REX MCNAMARA

Phone

6264342469

Tax Period

2024-01-01 to 2024-12-31

OCU HEALTH AND WELFARE TRUST, founded in 2008, is a major nonprofit in the Mutual Benefit sector that reported $123.8M in total revenue in fiscal year 2024. Revenue surged 335% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96.8M, a strong 78% operating margin.

Mission

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHOSE EMPLOYERS CONTRIBUTE TO THE FUND.

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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 $25,774,127

Investment Income $98,055,943

Other Revenue $0

TOTAL REVENUE $123,830,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,996,924

Other Expenses $1,524,898

TOTAL EXPENSES $26,996,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,830,070	$28,475,257	+3.3%
Expenses	$26,996,924	$26,667,501	+0.0%
Net Income	$96,833,146	$1,807,756	+52.6%

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
KURT SULZBACH	TRUSTEE	10.00	Director	$0	$0	$0
DAWN FEIKEMA	TRUSTEE	10.00	Director	$0	$0	$0
MEGAN ORTEGA	TRUSTEE	10.00	Director	$0	$0	$0
JOHN FAGEAUX	TRUSTEE	10.00	Director	$0	$0	$0
REX MCNAMARA	TRUSTEE	10.00	Director	$0	$0	$0
DEBBIE KARMELICH	TRUSTEE	10.00	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
2024	$123,830,070	$26,996,924	$297,725,916	$96,833,146
2023	$28,475,257	$26,667,501	$273,775,612	$1,807,756
2022	$32,420,042	$23,051,925	$243,107,541	$9,368,117
2021	$27,957,263	$21,642,615	$276,724,794	$6,314,648
2020	$24,169,336	$20,205,157	$246,925,287	$3,964,179
2019	$29,744,099	$21,181,560	$222,850,277	$8,562,539
2018	$37,243,177	$20,813,042	$190,117,034	$16,430,135

OCU HEALTH AND WELFARE TRUST