ESCANABA PAPER COMPANY UNION RETIREMENT INSURANCE TRUST FUND (EIN 382821140) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

SEAN REESE

Phone

9067866151

Tax Period

2023-01-01 to 2023-12-31

ESCANABA PAPER COMPANY UNION RETIREMENT INSURANCE TRUST FUND, founded in 1988, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $462K exceeded revenue, resulting in a 96% operating deficit.

Mission

DEFRAY THE COST OF RETIREES INSURANCE PREMIUMS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,586

Investment Income $203,042

Other Revenue $0

TOTAL REVENUE $235,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $462,236

Other Expenses $84,300

TOTAL EXPENSES $462,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,628	$158,813	+0.5%
Expenses	$462,236	$486,805	-0.1%
Net Income	$-226,608	$-327,992	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MELVIN ANDERSON	SECRETARY	N/A	Officer Director	$0	$0	$0
BRIAN LESNIESKI	TRUSTEE	N/A	Director	$0	$0	$0
SEAN REESE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
GUY TRUDELL	TRUSTEE	N/A	Director	$0	$0	$0
MYRON VANEFFEN	TRUSTEE	N/A	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	$235,628	$462,236	$5,316,925	$-226,608
2022	$158,813	$486,805	$5,142,252	$-327,992
2021	$447,309	$503,444	$6,348,184	$-56,135
2020	$257,228	$508,066	$6,120,911	$-250,838
2019	$204,209	$517,867	$5,910,411	$-313,658
2018	$574,471	$518,524	$5,372,225	$55,947

ESCANABA PAPER COMPANY UNION RETIREMENT INSURANCE TRUST FUND