RETIREMENT HEALTH CARE ASSISTANCE MASTER TRUST (EIN 383038687) - 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

BRIAN B TESSIN

Phone

9896361000

Tax Period

2023-01-01 to 2023-12-31

RETIREMENT HEALTH CARE ASSISTANCE MASTER TRUST, founded in 1993, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2023. Revenue surged 15767% from the prior year, signaling strong growth momentum. Expenses of $26.7M exceeded revenue, resulting in a 148% operating deficit.

Mission

RHCAP IS DESIGNED TO ASSIST EMPLOYEES TO ACCUMULATE MONEY FOR ELIGIBLE PREMIUMS IN A TAX-EFFECTIVE MANNER.

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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 $24,176

Investment Income $10,766,958

Other Revenue $0

TOTAL REVENUE $10,791,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,870

Fundraising Expenses $0

Other Expenses $74,623

TOTAL EXPENSES $26,719,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,791,134	$68,008	+157.7%
Expenses	$26,719,014	$22,822,697	+0.2%
Net Income	$-15,927,880	$-22,754,689	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORTHERN TRUST	TRUSTEE	2.0		$46,870	$0	$46,870

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	$10,791,134	$26,719,014	$713,064,490	$-15,927,880
2022	$68,008	$22,822,697	$627,539,056	$-22,754,689
2021	$65,056,155	$21,848,176	$780,228,561	$43,207,979
2020	$90,399,945	$15,986,749	$700,083,344	$74,413,196

RETIREMENT HEALTH CARE ASSISTANCE MASTER TRUST