AAR-NRLC GROUP INSURANCE TRUST

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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

1981

Legal Domicile

Principal Officer

Paul Hedrick

Phone

2026392100

Tax Period

2023-01-01 to 2023-12-31

AAR-NRLC GROUP INSURANCE TRUST, founded in 1981, is a small nonprofit that reported $324K in total revenue in fiscal year 2023. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $169K, a strong 52% operating margin.

Mission

TO PROVIDE RETIREE LIFE INSURANCE TO PLAN PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $117,092

PROGRAM PROVIDES GROUP LIFE INSURANCE COVERAGE TO PLAN PARTICIPANTS WHO ARE FORMER EMPLOYEES OF THE ASSOCIATION OF AMERICAN RAILROADS AND ITS TWO WHOLLY-OWNED SUBSIDIARIES.

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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 $323,528

Other Revenue $0

TOTAL REVENUE $323,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,092

Other Expenses $37,899

TOTAL EXPENSES $154,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,528	$125,583	+1.6%
Expenses	$154,991	$162,607	0.0%
Net Income	$168,537	$-37,024	-5.6%

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

$313,568

Total Directors

$631,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HEDRICK	RLIT TRUSTEE	1	Director	$0	$68,388	$614,201
BRIAN CROWLEY	RLIT TRUSTEE	1	Officer	$0	$59,120	$313,568
CARLA GARCIA-HARRELL	RLIT TRUSTEE - Through 11/2022	1	Director	$0	$0	$17,289
TAMMY BREGAR	RLIT TRUSTEE	1	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	$323,528	$154,991	$5,479,939	$168,537
2022	$125,583	$162,607	$5,052,146	$-37,024
2021	$517,015	$161,998	$6,073,445	$355,017
2020	$34,073	$166,226	$5,579,876	$-132,153