OCSEA RETIREE HEALTH CARE VEBA TRUST (EIN 510614591) - 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

2006

Legal Domicile

Principal Officer

Geralynn Kaparos

Phone

6142094248

Tax Period

2024-01-01 to 2024-12-31

OCSEA RETIREE HEALTH CARE VEBA TRUST, founded in 2006, is a small nonprofit in the Mutual Benefit sector that reported $197K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $424K exceeded revenue, resulting in a 115% operating deficit.

Mission

To provide retired employees of OCSEA a benefit to help pay the cost of health insurance premiums

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,166

Investment Income $171,176

Other Revenue $0

TOTAL REVENUE $197,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $423,539

Other Expenses $15,160

TOTAL EXPENSES $423,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,342	$211,070	-0.1%
Expenses	$423,539	$422,981	+0.0%
Net Income	$-226,197	$-211,911	+0.1%

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

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
Sheryl Bartolone	Administrative Trustee	1	Director	$0	$0	$0
Lynn Kemp	Administrative Trustee	0.25	Director	$0	$0	$0
Carol Bowshier	Administrative Trustee	0.25	Director	$0	$0	$0
Steve Lieber	Administrative Trustee	0.25	Director	$0	$0	$0
Suhail Zidan	Adminstrative Trustee	0.50	Director	$0	$0	$0
Bruce Rice	Administrative Trustee	1.5	Director	$0	$0	$0
Geralynn Kaparos	Administrative Trustee	1.25	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
2025	No data	No data	No data	No data
2024	$197,342	$423,539	$3,918,770	$-226,197
2023	$211,070	$422,981	$3,961,058	$-211,911
2022	$123,142	$425,878	$3,901,403	$-302,736
2021	$245,382	$437,291	$4,887,129	$-191,909
2020	$84,064	$388,940	$4,833,080	$-304,876

OCSEA RETIREE HEALTH CARE VEBA TRUST