Machinists Retiree Investment Trust (EIN 412061777) - 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

2003

Legal Domicile

Principal Officer

DON CROSATTO

Phone

8006353105

Tax Period

2023-01-01 to 2023-12-31

Machinists Retiree Investment Trust, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $846K, a strong 75% operating margin.

Mission

TO USE AND INVEST THE CONTRIBUTIONS RECEIVED BY THE TRUST FOR THE EXCLUSIVE PURPOSE OF PROVIDING BENEFITS TO PARTICIPANTS AND THEIR BENEFICIARIES IN THIS MULTIEMPLOYER PLAN.

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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 $1,363,916

Investment Income $-232,573

Other Revenue $0

TOTAL REVENUE $1,131,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $88,283

TOTAL EXPENSES $285,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,131,343	$1,231,537	-0.1%
Expenses	$285,535	$246,600	+0.2%
Net Income	$845,808	$984,937	-0.1%

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

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
MARK MARTIN	TRUSTEE	1.0	Director	$0	$0	$0
DON CROSATTO	CHAIRMAN	1.0	Director	$0	$0	$0
JOHN DIBERNARDO	TRUSTEE - TERM. 4/2023	1.0	Director	$0	$0	$0
STEVE SOWINSKI	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT GARCIA	TRUSTEE - EFF. 5/2023	1.0	Director	$0	$0	$0
SEE SCHEDULE O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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	$1,131,343	$285,535	$22,982,277	$845,808
2022	$1,231,537	$246,600	$19,483,042	$984,937
2021	$2,047,585	$280,457	$20,817,594	$1,767,128
2020	$2,016,302	$193,855	$18,410,116	$1,822,447
2019	$1,295,937	$179,177	$15,475,810	$1,116,760
2018	$1,520,761	$229,003	$12,996,171	$1,291,758

Machinists Retiree Investment Trust