WASHOE COUNTY SCHOOL DISTRICT OPEB TRUST (EIN 262800962) - 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

2007

Legal Domicile

Principal Officer

MARK D MATHERS

Phone

7753480314

Tax Period

2024-07-01 to 2025-06-30

WASHOE COUNTY SCHOOL DISTRICT OPEB TRUST, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $9.0M in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $8.4M left a modest 7% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENFITS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,775,424

Investment Income $2,187,134

Other Revenue $0

TOTAL REVENUE $8,962,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $80,223

TOTAL EXPENSES $8,353,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,962,558	$20,652,167	-0.6%
Expenses	$8,353,616	$12,514,300	-0.3%
Net Income	$608,942	$8,137,867	-0.9%

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

$286,578

Total Directors

$286,578

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MATHERS	CFO	1.00	Officer Director	$0	$81,101	$286,578
FRAN MCGREGOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY KIRST	TRUSTEE	1.00	Director	$0	$0	$0
MARY LAMONT	TRUSTEE	1.00	Director	$0	$0	$0
ALEX TAYLOR	TRUSTEE (BEG 10/2024)	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	$8,962,558	$8,353,616	$93,782,141	$608,942
2024	$20,652,167	$12,514,300	$92,235,856	$8,137,867
2023	$9,290,245	$6,966,073	$82,590,905	$2,324,172
2022	$10,557,821	$7,151,998	$75,628,992	$3,405,823
2021	$11,363,648	$7,436,247	$82,211,045	$3,927,401
2020	$11,585,629	$7,564,155	$65,064,690	$4,021,474
2019	$9,747,595	$11,883,109	$59,974,157	$-2,135,514
2018	$15,278,856	$21,728,851	$24,006,001	$-6,449,995

WASHOE COUNTY SCHOOL DISTRICT OPEB TRUST