UAW RETIREES OF MACK TRUCKS HEALTH BENEFIT FUND

EIN: 456488442 Mutual Benefit

WASHINGTON, DC

Total Revenue
$17,941,262
Total Expenses
$24,552,759
Total Assets
$501,891,021
Net Assets
$501,625,479
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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
MI
Principal Officer
GARY PETRONI
Phone
2028570620
Tax Period
2023-01-01 to 2023-12-31

UAW RETIREES OF MACK TRUCKS HEALTH BENEFIT FUND, founded in 2011, is a mid-sized nonprofit in the Mutual Benefit sector that reported $17.9M in total revenue in fiscal year 2023. Expenses of $24.6M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO HELP FUND CERTAIN BENEFITS PROVIDED TO CERTAIN MACK RETIREES AND OTHER ELIGIBLE INDIVIDUALS.

Program Service Accomplishments

Program 1

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,062,128
Investment Income $15,879,134
Other Revenue $0
TOTAL REVENUE $17,941,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,594
Fundraising Expenses $0
Other Expenses $1,515,182
TOTAL EXPENSES $24,552,759

Year-over-Year Comparison

2023 2022 Change
Revenue $17,941,262 $-28,498,416 -1.6%
Expenses $24,552,759 $24,988,700 0.0%
Net Income $-6,611,497 $-53,487,116 -0.9%
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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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
3

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
8
$344,309
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE DANIELS COMMITTEE MEMBER 0.50
Director
$27,409 $0 $89,325
GARY PETRONI CHAIRPERSON 2.00
Director
$33,805 $0 $88,219
JACK MARTIN COMMITTEE MEMBER 0.50
Director
$27,409 $0 $81,207
FRANCINE PARKER COMMITTEE MEMBER 0.50
Director
$27,409 $0 $80,076
RICHARD SAYLOR COMMITTEE MEMBER 0.50
Director
$5,482 $0 $5,482
TIM BRESSLER COMMITTEE MEMBER - PART YEAR 0.50
Director
$0 $0 $0
DAVID PERKINS COMMITTEE MEMBER 0.50
Director
$0 $0 $0
JOHN EBLIN COMMITTEE MEMBER 0.50
Director
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 0.50
$31,483 $0 $31,483
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 $17,941,262 $24,552,759 $501,891,021 $-6,611,497
2022 $-28,498,416 $24,988,700 $501,652,282 $-53,487,116
2021 $18,777,025 $26,611,039 $618,064,056 $-7,834,014
2020 $28,906,987 $25,188,256 $643,001,412 $3,718,731
2019 $55,310,775 $25,562,364 $591,215,410 $29,748,411
2018 $16,377,883 $27,555,254 $554,598,987 $-11,177,371
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