PARTICIPATING UNION GM BANKRUPTCY CLAIM HEALTH CARE REIMBURSEMENT TRUST

EIN: 456218538 Mutual Benefit

PITTSBURGH, PA

Total Revenue
$109,201
Total Expenses
$2,499,220
Total Assets
$2,177,441
Net Assets
$2,171,142
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
PA
Principal Officer
RACHAEL DAVIS
Phone
4122012242
Tax Period
2024-01-01 to 2024-12-31

PARTICIPATING UNION GM BANKRUPTCY CLAIM HEALTH CARE REIMBURSEMENT TRUST, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $109K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 2189% operating deficit.

Mission

THE PARTICIPATING UNION GM BANKRUPTCY CLAIM HEALTH CARE REIMBURSEMENT TRUST WAS ESTABLISHED ON APRIL 11, 2011 AND HAS BEEN CREATED TO FUND BENEFITS FOR CERTAIN RETIRED BARGAINING UNIT MEMBERS WHO LOST THEIR GM POST-RETIREMENT HEALTH BENEFITS IN THE GM BANKRUPTCY, AND FOR CERTAIN SPOUSES AND ELIGIBLE DEPENDENTS OF THOSE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $109,201
Other Revenue $0
TOTAL REVENUE $109,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $115,063
TOTAL EXPENSES $2,499,220

Year-over-Year Comparison

2024 2023 Change
Revenue $109,201 $769,870 -0.9%
Expenses $2,499,220 $2,768,751 -0.1%
Net Income $-2,390,019 $-1,998,881 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN ELLICOTT COMMITTEE MEMBER 1.00
Director
$0 $0 $0
EMILY WOODWARD COMMITTEE MEMBER 1.00
Director
$0 $0 $0
RACHAEL DAVIS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
NEIL B DOUGLAS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
VIC ALEXANDER COMMITTEE MEMBER 1.00
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 $109,201 $2,499,220 $2,177,441 $-2,390,019
2023 $769,870 $2,768,751 $4,566,902 $-1,998,881
2022 $-263,065 $3,044,905 $7,113,416 $-3,307,970
2021 $187,252 $3,449,733 $10,587,885 $-3,262,481
2020 $1,291,778 $3,805,435 $13,994,860 $-2,513,657
2019 $770,953 $4,084,136 $16,386,382 $-3,313,183
2018 $168,217 $4,365,708 $18,856,171 $-4,197,491
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