ASBESTOS WORKERS LOCAL 18 RETIRED EMPLOYEES SEPARATE ACCT TRUST FUND (EIN 351906643) - 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

1993

Legal Domicile

Principal Officer

JEREMY PETERS

Phone

8009506789

Tax Period

2024-06-01 to 2025-05-31

ASBESTOS WORKERS LOCAL 18 RETIRED EMPLOYEES SEPARATE ACCT TRUST FUND, founded in 1993, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $651K, a strong 45% operating margin.

Mission

ASSIST UNION MEMBERS IN MAINTAINING MEDICAL & LIFE INSURANCE COVERAGE AFTER RETIREMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,275,586

Investment Income $162,570

Other Revenue $0

TOTAL REVENUE $1,438,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $105,229

TOTAL EXPENSES $787,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,438,156	$944,695	+0.5%
Expenses	$787,030	$686,912	+0.1%
Net Income	$651,126	$257,783	+1.5%

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

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
BRANDON HOWARD	ASSISTANT SE	1.00	Director	$0	$0	$0
JOE MCCOY	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY PETERS	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID PRICE	TRUSTEE	1.00	Director	$0	$0	$0
MATT SHANNON	VICE CHAIRMA	1.00	Director	$0	$0	$0
CARL SHULTZ	SECRETARY	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
2025	$1,438,156	$787,030	$5,508,025	$651,126
2024	$944,695	$686,912	$4,947,353	$257,783
2023	$602,797	$730,269	$4,521,187	$-127,472
2022	$696,357	$703,835	$4,646,384	$-7,478
2021	$762,792	$587,533	$4,830,623	$175,259
2020	$652,147	$575,542	$4,475,430	$76,605
2019	$697,324	$930,631	$4,328,141	$-233,307
2018	$542,957	$288,654	$4,679,950	$254,303

ASBESTOS WORKERS LOCAL 18 RETIRED EMPLOYEES SEPARATE ACCT TRUST FUND