VOLUNTARY LOCAL 4911 RETIREE MEDIC… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

RICHARD LICHTENSTEIN

Phone

2612618414

Tax Period

2023-01-01 to 2023-12-31

VOLUNTARY LOCAL 4911 RETIREE MEDICAL FUND, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 59% operating margin.

Mission

THE MEDICAL PLAN WAS FORMED TO PROVIDE FUNDING FOR SUPPLEMENTAL RETIREE MEDICAL BENEFITS FOR ELIGIBLE MEMBERS UNDER THE COLLECTIVE BARGAINING AGREEMENT.

Program Service Accomplishments

Program 1

Expenses: $910,307

TO PROVIDE HEALTH BENEFITS TO RETIREES.

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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 $1,373,686

Investment Income $865,987

Other Revenue $25

TOTAL REVENUE $2,239,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,000

Fundraising Expenses $0

Program Expenses $910,307

Other Expenses $300,990

TOTAL EXPENSES $910,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,239,698	$992,302	+1.3%
Expenses	$910,307	$932,807	0.0%
Net Income	$1,329,391	$59,495	+21.3%

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

Independent Members

N/A

Employees

N/A

Volunteers

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

$17,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD LICHTENSTEIN PHD	TRUSTEE	4.00	Director	$17,000	$0	$17,000

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	$2,239,698	$910,307	$30,663,949	$1,329,391
2022	$992,302	$932,807	$26,060,595	$59,495
2021	$2,360,370	$951,697	$30,737,251	$1,408,673
2020	$1,784,808	$1,103,640	$27,394,835	$681,168
2019	$2,568,044	$1,042,312	$22,912,985	$1,525,732
2018	$1,821,466	$1,193,406	$18,568,844	$628,060

VOLUNTARY LOCAL 4911 RETIREE MEDICAL FUND