RETIREES OF THE GOODYEAR TIRE & RUBBER COMPANY HEALTH CARE TRUST

EIN: 266330284 Mutual Benefit

PITTSBURGH, PA

Total Revenue
$150,111,700
Total Expenses
$159,683,443
Total Assets
$855,442,238
Net Assets
$845,289,410
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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
PA
Principal Officer
CHAD APALISKI
Phone
8666946477
Tax Period
2023-01-01 to 2023-12-31

RETIREES OF THE GOODYEAR TIRE & RUBBER COMPANY HEALTH CARE TRUST, founded in 2008, is a major nonprofit in the Mutual Benefit sector that reported $150.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $845.3M represent 68 months of operating reserves.

Mission

THE FUND OPERATES AS A TRUST TO PROVIDE CERTAIN HEALTH BENEFITS TO CURRENT AND FUTURE GOODYEAR RETIREES FOLLOWING EMPLOYMENT IN USW-REPRESENTED BARGAINING UNITS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $47,270,919
Investment Income $18,767,495
Other Revenue $84,073,286
TOTAL REVENUE $150,111,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $257,350
Fundraising Expenses $0
Other Expenses $4,471,951
TOTAL EXPENSES $159,683,443

Year-over-Year Comparison

2023 2022 Change
Revenue $150,111,700 $172,859,515 -0.1%
Expenses $159,683,443 $173,992,666 -0.1%
Net Income $-9,571,743 $-1,133,151 +7.4%
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

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Governance

Voting Members
9
Independent Members
9
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
3
$55,248
Total Directors
10
$264,835
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHYLLIS C BORZI COMMITTEE MEMBER 4.0
Director
$29,941 $0 $29,941
HAZEL BROADNAX COMMITTEE MEMBER 4.0
Director
$29,941 $0 $29,941
TERESA GHILARDUCCI COMMITTEE MEMBER 4.0
Director
$29,941 $0 $29,941
JERRY IVEY COMMITTEE MEMBER 4.0
Director
$29,941 $0 $29,941
JEFFREY LEWIS SECRETARY/COMMITTEE MEMBER 4.0
Officer Director
$29,941 $0 $29,941
SCOTT M SPENCER COMMITTEE MEMBER 4.0
Director
$29,941 $0 $29,941
PAUL WHITEHEAD COMMITTEE MEMBER 4.0
Director
$29,941 $0 $29,941
TED NELSON COMMITTEE MEMBER 4.0
Director
$29,941 $0 $29,941
THOMAS F DUZAK CHAIRMAN/COM.MBR(THRU 6/2023) 8.0
Officer Director
$25,307 $0 $25,307
CHAD APALISKI CHAIRMAN/COM.MBR(EFF.7/2023) 4.0
Officer 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 No data No data No data No data
2023 $150,111,700 $159,683,443 $855,442,238 $-9,571,743
2022 $172,859,515 $173,992,666 $802,598,393 $-1,133,151
2021 $182,483,596 $155,263,376 $913,368,490 $27,220,220
2020 $153,405,302 $153,728,586 $857,693,863 $-323,284
2019 $168,666,742 $166,484,191 $792,486,167 $2,182,551
2018 $145,167,017 $174,324,922 $727,448,173 $-29,157,905
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