BUTLER-ZANESVILLE WORKS HOURLY AND SALARIED UNION RETIREES HEALTH CARE FUND (EIN 452029312) - 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

2011

Legal Domicile

Principal Officer

PAUL KELLY

Phone

4122012242

Tax Period

2024-01-01 to 2024-12-31

BUTLER-ZANESVILLE WORKS HOURLY AND SALARIED UNION RETIREES HEALTH CARE FUND, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $6.4M exceeded revenue, resulting in a 149% operating deficit.

Mission

TO PROVIDE POST-RETIREMENT HEALTH BENEFITS TO CLASS MEMBERS AND THEIR ELIGIBLE DEPENDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,022

Investment Income $2,550,796

Other Revenue $0

TOTAL REVENUE $2,560,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,063

Fundraising Expenses $0

Other Expenses $388,185

TOTAL EXPENSES $6,376,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,560,818	$2,310,315	+0.1%
Expenses	$6,376,569	$6,275,599	+0.0%
Net Income	$-3,815,751	$-3,965,284	0.0%

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

$49,144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMONE L ROCKSTROH	TRUSTEE	1.00	Director	$14,375	$0	$14,375
THOMAS E RODGERS	TRUSTEE	0.25	Director	$2,147	$0	$2,147
JEANETTE STUMP	CO-CHAIRMAN	1.00	Director	$14,375	$0	$14,375
CARL NANNI	TRUSTEE	1.00	Director	$3,795	$0	$3,795
RANDY LOWTHER	TRUSTEE	1.00	Director	$4,715	$0	$4,715
ROBERT JEWETT	TRUSTEE	1.00	Director	$4,198	$0	$4,198
PAUL KELLY	CHAIRMAN	1.00	Director	$4,715	$0	$4,715
JOSEPH CHUPKA	TRUSTEE	0.25	Director	$824	$0	$824

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	$2,560,818	$6,376,569	$79,372,355	$-3,815,751
2023	$2,310,315	$6,275,599	$80,883,159	$-3,965,284
2022	$1,687,376	$7,495,686	$80,280,420	$-5,808,310
2021	$3,331,182	$6,384,256	$95,862,651	$-3,053,074
2020	$3,338,829	$6,824,483	$95,193,323	$-3,485,654
2019	$3,224,719	$6,691,723	$91,651,050	$-3,467,004
2018	$3,252,358	$8,900,279	$86,253,964	$-5,647,921

BUTLER-ZANESVILLE WORKS HOURLY AND SALARIED UNION RETIREES HEALTH CARE FUND