ALPA RETIREE HEALTH PLAN FOR JETBL… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

DAN WHITE

Phone

7036894132

Tax Period

2023-01-01 to 2023-12-31

ALPA RETIREE HEALTH PLAN FOR JETBLUE PILOTS VEBA TRUST, founded in 2019, is a mid-sized nonprofit in the Mutual Benefit sector that reported $15.7M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.2M, a strong 97% operating margin.

Mission

HOLDING OF NOTIONAL ACCOUNTS IN PROVIDING THE REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES INCURRED BY ELIGIBLE PILOTS AND THEIR ELIGIBLE BENEFICIARIES AFTER TERMINATION OF EMPLOYMENT WITH JETBLUE.

Program Service Accomplishments

Program 1

HOLDING OF NOTIONAL ACCOUNTS IN PROVIDING THE REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES INCURRED BY ELIGIBLE PILOTS AND THEIR ELIGIBLE BENEFICIARIES AFTER TERMINATION OF EMPLOYMENT WITH JETBLUE.

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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 $14,324,192

Investment Income $1,386,531

Other Revenue $0

TOTAL REVENUE $15,710,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $318,002

TOTAL EXPENSES $503,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,710,723	$12,841,260	+0.2%
Expenses	$503,066	$395,051	+0.3%
Net Income	$15,207,657	$12,446,209	+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

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

$502,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE POWERS	ASST. DIRECTOR, REPRESENTATION	5.0	Officer	$0	$77,055	$502,925
THE NORTHERN TRUST COMPANY	TRUSTEE	1.0		$17,945	$0	$17,945
MIKE RILEY	BOARD MEMBER	5.0	Director	$0	$0	$0
CHARLES PUCCIARIELLO	BOARD MEMBER	5.0	Director	$0	$0	$0
ALEX SCARCELLA	BOARD MEMBER	5.0	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	$15,710,723	$503,066	$51,691,325	$15,207,657
2022	$12,841,260	$395,051	$32,255,184	$12,446,209
2021	$10,876,120	$317,665	$23,983,142	$10,558,455
2020	$6,821,502	$171,530	$12,837,672	$6,649,972

ALPA RETIREE HEALTH PLAN FOR JETBLUE PILOTS VEBA TRUST