RETIREES OF CTNA HEALTH CARE TRUST

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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

THOMAS F DUZAK

Phone

4122012242

Tax Period

2023-01-01 to 2023-12-31

RETIREES OF CTNA HEALTH CARE TRUST, founded in 2008, is a mid-sized nonprofit in the Mutual Benefit sector that reported $15.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.6M, a strong 55% operating margin.

Mission

THE FUND OPERATES AS A TRUST TO PROVIDE CERTAIN HEALTH AND WELFARE BENEFITS TO CURRENT AND FUTURE CONTINENTAL TIRE NORTH AMERICA INC RETIREES FOLLOWING EMPLOYMENT IN USW-REPRESENTED BARGAINING UNITS.

Program Service Accomplishments

Program 1

MANAGES THE PROVISION OF MEDICAL, HOSPITAL, AND PRESCRIPTION PLAN FOR CURRENT AND FUTURE RETIREES OF CONTINENTAL TIRE NORTH AMERICA INC AND TO THEIR BENEFICIARIES AND COVERED DEPENDENTS.

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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 $7,522,387

Investment Income $8,070,319

Other Revenue $40,254

TOTAL REVENUE $15,632,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,444

Fundraising Expenses $0

Other Expenses $520,817

TOTAL EXPENSES $7,065,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,632,960	$14,401,880	+0.1%
Expenses	$7,065,935	$7,074,166	0.0%
Net Income	$8,567,025	$7,327,714	+0.2%

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

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

$117,785

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS F DUZAK	COMMITTEE MEMBER, CHAIR	1.0	Director	$27,557	$0	$27,557
JAMES CARNEY	COMMITTEE MEMBER	1.0	Director	$22,557	$0	$22,557
WAYNE CHAMBERS	COMMITTEE MEMBER	1.0	Director	$22,557	$0	$22,557
HOWARD KLINE	COMMITTEE MEMBER	1.0	Director	$22,557	$0	$22,557
PAUL WHITEHEAD	COMMITTEE MEMBER	1.0	Director	$22,557	$0	$22,557

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	$15,632,960	$7,065,935	$123,409,809	$8,567,025
2022	$14,401,880	$7,074,166	$107,609,129	$7,327,714
2021	$14,718,176	$5,834,638	$120,928,692	$8,883,538
2020	$13,774,017	$7,293,529	$105,577,593	$6,480,488
2019	$24,150,134	$9,140,804	$91,137,774	$15,009,330
2018	$15,523,608	$9,547,273	$76,901,590	$5,976,335