NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST (EIN 465297603) - 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

2014

Legal Domicile

Principal Officer

ALBERT CHIN

Phone

9737186021

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST, founded in 2014, is a small nonprofit in the Mutual Benefit sector that reported $347K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 43% operating margin.

Mission

TO PROVIDE A WELFARE BENEFITS PLAN FOR ALL ELIGIBLE RETIREES, AS WELL AS THEIR DEPENDENTS, OF THE NEW JERSEY INSURANCE UNDERWRITING ASSOCIATION.

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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 $198,553

Investment Income $148,269

Other Revenue $0

TOTAL REVENUE $346,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,553

Other Expenses $0

TOTAL EXPENSES $198,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$346,822	$251,787	+0.4%
Expenses	$198,553	$207,115	0.0%
Net Income	$148,269	$44,672	+2.3%

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
ALBERT CHIN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PEAKS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MUTTERPERL	DIRECTOR	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	No data	No data	No data	No data
2023	$346,822	$198,553	$4,590,426	$148,269
2022	$251,787	$207,115	$4,281,260	$44,672
2021	$250,715	$211,578	$4,453,648	$39,137
2020	$271,676	$210,765	$4,283,126	$60,911
2019	$281,142	$180,518	$4,110,766	$100,624
2018	$278,769	$212,331	$3,876,065	$66,438

NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST