POST-RETIREMENT BENEFIT PLAN AND TRUST FOR ELIGIBLE EMPLOYEES OF LANSING BOARD (EIN 383496864) - 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

1999

Legal Domicile

Principal Officer

HEATHER SHAWA RPC CHAIR

Phone

5177026147

Tax Period

2023-07-01 to 2024-06-30

POST-RETIREMENT BENEFIT PLAN AND TRUST FOR ELIGIBLE EMPLOYEES OF LANSING BOARD, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $9.1M in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Net assets of $253.4M represent 334 months of operating reserves.

Mission

PROVIDE POST-RETIREMENT HEALTH AND LIFE INSURANCE BENEFITS TO RETIREES OF LANSING BOARD OF WATER.

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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 $65,286

Investment Income $9,048,507

Other Revenue $0

TOTAL REVENUE $9,113,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $259,200

TOTAL EXPENSES $9,439,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,113,793	$32,161,187	-0.7%
Expenses	$9,439,880	$10,963,367	-0.1%
Net Income	$-326,087	$21,197,820	-1.0%

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
BETH GRAHAM	TRUSTEE	0.16	Director	$0	$0	$0
DESHON LEEK	TRUSTEE	0.16	Director	$0	$0	$0
SEMONE JAMES	TRUSTEE	0.16	Director	$0	$0	$0
ANTHONY MULLEN	TRUSTEE	0.16	Director	$0	$0	$0
DAVID PRICE	TRUSTEE	0.16	Director	$0	$0	$0
DALE SCHRADER	TRUSTEE	0.16	Director	$0	$0	$0
TRACY THOMAS	TRUSTEE	0.16	Director	$0	$0	$0
SANDRA ZERKLE	TRUSTEE	0.16	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	No data	No data	No data	No data
2024	$9,113,793	$9,439,880	$256,103,526	$-326,087
2023	$32,161,187	$10,963,367	$240,835,638	$21,197,820
2022	$28,194,178	$13,846,573	$228,140,094	$14,347,605
2021	$14,731,942	$8,794,277	$247,743,227	$5,937,665

POST-RETIREMENT BENEFIT PLAN AND TRUST FOR ELIGIBLE EMPLOYEES OF LANSING BOARD