RETIREE HEALTH REIMBURSEMENT P (EIN 376420756) - 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

2008

Legal Domicile

Principal Officer

MIKE WOIDA

Tax Period

2023-01-01 to 2023-12-31

RETIREE HEALTH REIMBURSEMENT P, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $404K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $350K, a strong 87% operating margin.

Mission

TO ASSIST RETIREES OF THE INDIANAPOLIS POLICE FORCE BY REIMBURSING THEM FOR A PORTION OF THEIR MEDICARE

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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 $231,042

Program Service Revenue $0

Investment Income $172,680

Other Revenue $0

TOTAL REVENUE $403,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,528

TOTAL EXPENSES $53,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$403,722	$262,806	+0.5%
Expenses	$53,304	$76,119	-0.3%
Net Income	$350,418	$186,687	+0.9%

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

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

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
WILLIAM OWENSB	CHAIRMAN	1	Director	$0	$0	$0
RICK SNYDER	TRUSTEE	1	Director	$0	$0	$0
MIKE WOIDA	TREASURER	1	Director	$0	$0	$0
KEVIN WETHINGT	TRUSTEE	1	Director	$0	$0	$0
DON WRIGHT	TRUSTEE	1	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	$403,722	$53,304	$9,335,526	$350,418
2022	$262,806	$76,119	$8,985,108	$186,687
2021	$677,735	$104,841	$8,798,421	$572,894
2020	$401,300	$108,838	$8,225,527	$292,462
2019	$668,828	$127,772	$7,961,126	$541,056

RETIREE HEALTH REIMBURSEMENT P