MTM RETIREE HEALTH CARE PLAN & TRUST (EIN 275034344) - 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

2010

Legal Domicile

Phone

3132227921

Tax Period

2023-01-01 to 2023-12-31

MTM RETIREE HEALTH CARE PLAN & TRUST, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $298K in total revenue in fiscal year 2023. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 47% operating margin.

Mission

TO PROVIDE RETIREE ACCIDENT AND HEALTH CARE BENEFITS TO ELIGIBLE FORMER, EMPLOYEES OF MICHIGAN CAT AND THEIR SPOUSES

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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 $0

Investment Income $297,834

Other Revenue $0

TOTAL REVENUE $297,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,210

Fundraising Expenses $0

Program Expenses $158,253

Other Expenses $438

TOTAL EXPENSES $158,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$297,834	$113,703	+1.6%
Expenses	$158,253	$159,071	0.0%
Net Income	$139,581	$-45,368	-4.1%

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

N/A

Independent Members

N/A

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
JA PETERSON	CONTROLLER	N/A	Director	$0	$0	$0
WILLIAM HODGES	PRESIDENT	N/A	Director	$0	$0	$0
RICHARD OLSEN	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN BOEYE	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHELLE BRAMAN	VICE PRESIDENT	N/A	Director	$0	$0	$0
MARGARET BERARD	SECRETARY	N/A	Director	$0	$0	$0
PAULA THOMPSON	BOARD MEMBER	N/A	Director	$0	$0	$0
SYLVIA DWIRE	BOARD MEMBER	N/A	Director	$0	$0	$0
DENNY INGNATOSKI	BOARD MEMBER	N/A	Director	$0	$0	$0
N/A	CORPORATE TRUSTEE	N/A		$18,210	$0	$18,210

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	$297,834	$158,253	$2,480,773	$139,581
2022	$113,703	$159,071	$2,366,887	$-45,368
2021	$246,017	$177,182	$2,412,255	$68,835
2020	$186,142	$170,747	$2,343,445	$15,395
2019	$262,010	$257,270	$2,329,645	$4,740
2018	$176,552	$245,085	$2,318,916	$-68,533

MTM RETIREE HEALTH CARE PLAN & TRUST