NN RETIREES BENEFIT TRUST C/O PATR… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

MICHAEL RESSNER

Tax Period

2019-01-01 to 2019-12-31

NN RETIREES BENEFIT TRUST C/O PATRICK RYKWALDER CPA, founded in 2013, is a micro nonprofit that reported $22K in total revenue in fiscal year 2019. Revenue decreased 18% compared to the prior year. Expenses of $261K exceeded revenue, resulting in a 1097% operating deficit.

Mission

UNTIL SEPTEMBER 1, 2017, THE TRUST SPONSORED AND MAINTAINED A HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN WHICH WAS INTENDED TO MEET THE REQUIREMENTS OF IRS NOTICE 2002-45 AND WHICH PROVIDED FOR THE REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES FOR PARTICIPANTS OF THE HRA PLAN IN ACCORDANCE WITH THE PLAN DOCUMENTS. THE PLAN TERMINATED IN 2017 AND NO PLAN WAS IN PLACE IN 2018, NOR 2019.

Program Service Accomplishments

Program 1

Expenses: $261,228

UNTIL SEPTEMBER 1, 2017, THE TRUST SPONSORED A HEALTH REIMBURSEMENTARRANGEMENT (HRA) PLAN WHICH WAS INTENDED TO MEET THE REQUIREMENTS SETFORTH IN IRS NOTICE 2002-45. THE HRA PLAN PROVIDED FOR...

UNTIL SEPTEMBER 1, 2017, THE TRUST SPONSORED A HEALTH REIMBURSEMENTARRANGEMENT (HRA) PLAN WHICH WAS INTENDED TO MEET THE REQUIREMENTS SETFORTH IN IRS NOTICE 2002-45. THE HRA PLAN PROVIDED FOR THEREIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES SUBMITTED BY PARTICIPANTSIN THE HRA PLAN WHO WERE ELIGIBLE FORMER RETIREES OF NORTEL NETWORKSINC, ("NORTEL") THAT PARTICIPATED IN THE NORTEL SPONSORED RETIREEHEALTH AND WELFARE BENEFIT PLANS PRIOR TO THE TERMINATION OF SUCH PLANSBY NORTEL IN CONNECTION WITH ITS BANKRUPTCY FILING. THE REIMBURSEMENTSRECEIVED FROM THE HRA PLAN HELPED OFFSET THE BENEFITS THAT RETIREESLOST AS A RESULT OF THE TERMINATION OF THE NORTEL RETIREE HEALTH ANDWELFARE BENEFITS PLANS. THE HRA WAS TERMINATED EFFECTIVE SEPTEMBER 1,2017 AND THE TRUST WAS SUBSEQUENTLY TERMINATED EFFECTIVE NOVEMBER 30, 2017.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $7,515

Other Revenue $14,311

TOTAL REVENUE $21,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $261,228

Other Expenses $257,579

TOTAL EXPENSES $261,228

Year-over-Year Comparison

	2019	2018	Change
Revenue	$21,826	$26,698	-0.2%
Expenses	$261,228	$618,199	-0.6%
Net Income	$-239,402	$-591,501	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
GARY DONAHEE	VEBA COMMITTEE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL RESSNER	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN KANE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK HAUPT	COMMITTEE MEMBER	1.00	Officer 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
2019	$21,826	$261,228	No data	$-239,402
2018	$26,698	$618,199	$1,609,292	$-591,501

NN RETIREES BENEFIT TRUST C/O PATRICK RYKWALDER CPA