The Railroad Employees National Ea… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

JEFFREY RODGERS

Phone

5713367600

Tax Period

2024-01-01 to 2024-12-31

The Railroad Employees National Early Retirement Major Medical Benefit Plan, founded in 1978, is a mid-sized nonprofit that reported $57.7M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $65.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE EMPLOYEE WELFARE BENEFITS TO ELIGIBLE RAILROAD EMPLOYEES PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.

Program Service Accomplishments

Program 1

PROVIDES HEALTH AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.

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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 $56,395,314

Investment Income $1,108,034

Other Revenue $181,772

TOTAL REVENUE $57,685,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,919,933

TOTAL EXPENSES $65,885,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,685,120	$76,829,466	-0.2%
Expenses	$65,885,790	$80,386,499	-0.2%
Net Income	$-8,200,670	$-3,557,033	+1.3%

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

$1,918,921

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDAN BRANON	Chairman-NCCC 1/1 TO 10/31/24	2.0	Director	$0	$100,152	$1,192,828
Jeffrey Rodgers	Chairman-NCCC 11/1 TO 12/31/24	2.0	Director	$0	$127,441	$726,093
Sam Macedonio	COMM MBR - NCCC	1.0	Director	$0	$0	$0
Wai Wong	COMM MBR - NCCC	1.0	Director	$0	$0	$0
Maquiling Parkerson	COMM MBR - NCCC	1.0	Director	$0	$0	$0
Jeff Wall	COMM MBR - NCCC	1.0	Director	$0	$0	$0
Thomas Sullivan	COMM MBR - NCCC	1.0	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	$57,685,120	$65,885,790	$26,226,188	$-8,200,670
2023	$76,829,466	$80,386,499	$34,589,768	$-3,557,033
2022	$93,339,182	$107,304,157	$38,251,441	$-13,964,975
2021	$140,684,385	$132,820,558	$52,233,469	$7,863,827
2020	$142,865,407	$156,535,798	$44,557,025	$-13,670,391

The Railroad Employees National Early Retirement Major Medical Benefit Plan