TIAA INDIANA MULTIPLE EMPLOYER TRU… - 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

RICHARD WARD

Phone

8775353910

Tax Period

2023-01-01 to 2023-12-31

TIAA INDIANA MULTIPLE EMPLOYER TRUST FOR, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $126K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $225K exceeded revenue, resulting in a 79% operating deficit.

Mission

TO FUND PLAN BENEFITS FOR EMPLOYEES AND FORMER EMPLOYEES ELIGIBLE TO RECEIVE RETIREE HEALTH BENEFITS UNDER THE PLAN.

Program Service Accomplishments

Program 1

HEALTH BENEFITS AND INSURANCE PREMIUMS PAID TO MEMBERS.

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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 $8,841

Investment Income $117,043

Other Revenue $0

TOTAL REVENUE $125,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,949

TOTAL EXPENSES $224,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,884	$225,756	-0.4%
Expenses	$224,892	$226,894	0.0%
Net Income	$-99,008	$-1,138	+86.0%

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

N/A

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
N/A	TRUSTEE	1.0		$1,500	$0	$1,500

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	$125,884	$224,892	$2,360,122	$-99,008
2022	$225,756	$226,894	$2,289,562	$-1,138
2021	$325,180	$239,621	$2,901,890	$85,559
2020	$217,706	$211,720	$2,856,221	$5,986
2019	$180,798	$257,302	$2,759,449	$-76,504
2018	$242,017	$204,765	$2,581,289	$37,252

TIAA INDIANA MULTIPLE EMPLOYER TRUST FOR