JERNBERG STEELWORKERS RETIREE HEALTH CARE TRUST (EIN 467058056) - 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

2013

Legal Domicile

Principal Officer

CHAD APALISKI

Phone

4122012242

Tax Period

2023-01-01 to 2023-12-31

JERNBERG STEELWORKERS RETIREE HEALTH CARE TRUST, founded in 2013, is a micro nonprofit in the Mutual Benefit sector that reported $78K in total revenue in fiscal year 2023. Revenue surged 206% from the prior year, signaling strong growth momentum. Expenses of $98K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE JERNBERG STEELWORKERS RETIREE HEALTH CARE TRUST WAS ESTABLISHED ON NOVEMBER 19, 2013 AND HAS BEEN CREATED TO FUND BENEFITS FOR CERTAIN BARGAINING UNIT MEMBERS WHO LOST THE RIGHT TO RECEIVE JERNBERG POST-RETIREMENT BENEFITS, AND FOR CERTAIN SPOUSES OF THOSE BARGAINING UNIT 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 $0

Investment Income $77,766

Other Revenue $0

TOTAL REVENUE $77,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000

Fundraising Expenses $0

Other Expenses $36,427

TOTAL EXPENSES $97,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,766	$25,435	+2.1%
Expenses	$97,527	$93,876	+0.0%
Net Income	$-19,761	$-68,441	-0.7%

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

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMONE L ROCKSTROH	COMMITTEE MEMBER	2.00	Director	$1,000	$0	$1,000
CHAD APALISKI	COMMITTEE MEMBER	2.00	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	$77,766	$97,527	$1,602,819	$-19,761
2022	$25,435	$93,876	$1,619,647	$-68,441
2021	$478	$97,853	$1,688,231	$-97,375
2020	$94,544	$93,620	$1,785,627	$924
2019	$210,467	$95,506	$1,784,680	$114,961
2018	$202,480	$92,243	$1,669,651	$110,237

JERNBERG STEELWORKERS RETIREE HEALTH CARE TRUST