TEACHERS ANNUITY & AID ASSOCIATION C/O JAY PARKS GREATER CINTI CU

EIN: 316027920

CINCINNATI, OH

Total Revenue
$176,307
Total Expenses
$275,134
Total Assets
$5,591,182
Net Assets
$5,591,182
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
OH
Principal Officer
JAY PARKS
Phone
5135590585
Tax Period
2023-01-01 to 2023-12-31

TEACHERS ANNUITY & AID ASSOCIATION C/O JAY PARKS GREATER CINTI CU, founded in 1957, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $275K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO PROVIDE TEACHERS WHO INITIALLY TEACH IN HAMILTON COUNTY WITH RETIREMENT ANNUITIES, DEATH BENEFITS AND/OR AID ANNUITIES.

Program Service Accomplishments

Program 1
Expenses: $227,038

ALL INCOME FROM INVESTMENTS IS PAID OUT IN ANNUITIES, DEATH BENEFITS AND IN AID ANNUITIES. RETIRED AND DISABLED MEMBERS FROM THE SCHOOL SYSTEM RECEIVE THE SAME ANNUITY AS THE REGULAR MEMBERS.

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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 $6,028
Program Service Revenue $0
Investment Income $170,279
Other Revenue $0
TOTAL REVENUE $176,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,460
Fundraising Expenses $0
Program Expenses $227,038
Other Expenses $37,636
TOTAL EXPENSES $275,134

Year-over-Year Comparison

2023 2022 Change
Revenue $176,307 $258,798 -0.3%
Expenses $275,134 $271,366 +0.0%
Net Income $-98,827 $-12,568 +6.9%
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

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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
8
Employees
3
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
5
$9,600
Total Directors
9
$9,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DORI MARTZ PRESIDENT 1.00
Officer Director
$0 $0 $0
DONNA WUERDEMAN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JAY PARKS FINANCE SECR 1.00
Officer Director
$3,200 $0 $3,200
JERRY SUIT RECORDING SE 1.00
Officer Director
$3,200 $0 $3,200
MARIE KALB TREASURER 1.00
Officer Director
$3,200 $0 $3,200
JUDY MEIERING TRUSTEE 1.00
Director
$0 $0 $0
TINA CANDELARESI TRUSTEE 1.00
Director
$0 $0 $0
CEAIR BAGGETT TRUSTEE 1.00
Director
$0 $0 $0
DENNIS MILES TRUSTEE 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
2024 No data No data No data No data
2023 $176,307 $275,134 $5,591,182 $-98,827
2022 $258,798 $271,366 $5,325,002 $-12,568
2021 $548,042 $277,884 $6,046,226 $270,158
2020 $237,045 $276,528 $5,677,115 $-39,483
2019 $231,199 $273,356 $5,474,105 $-42,157
2018 $258,829 $278,092 $4,875,131 $-19,263
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