PARTICIPATING UNION GM BANKRUPTCY … - 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

2011

Legal Domicile

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

TO PROVIDE POST-RETIREMENT HEALTH BENEFITS FOR CERTAIN RETIRED BARGAINING UNIT MEMBERS WHO LOST THEIR HEALTH BENEFITS IN THE GM BANKRUPTCY.

Program Service Accomplishments

Program 1

TO PROVIDE POST-RETIREMENT HEALTH BENEFITS FOR CERTAIN RETIRED BARGAINING UNIT MEMBERS WHO LOST THEIR HEALTH BENEFITS IN THE GM BANKRUPTCY.

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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 $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

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
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

PARTICIPATING UNION GM BANKRUPTCY CLAIM HEALTH CARE REIMBURSEMENT TRUST