NATIONAL EDUCATION ASSOCIATION AND AFFILIATE RETIREE HEALTH PLAN (EIN 527073317) - 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

2000

Legal Domicile

Principal Officer

JAMES TESTERMAN

Phone

2028227572

Tax Period

2023-01-01 to 2023-12-31

NATIONAL EDUCATION ASSOCIATION AND AFFILIATE RETIREE HEALTH PLAN, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $21.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.5M, a strong 40% operating margin.

Mission

THE PLAN IS A WELFARE BENEFIT PLAN FOR THE EXCLUSIVE PURPOSE OF PROVIDING RETIREE HEALTH BENEFITS TO RETIRED EMPLOYEES OF THE NATIONAL EDUCATION ASSOCIATION (NEA) AND ITS ELIGIBLE PARTICIPATING STATE AFFILIATES. CURRENTLY, ARIZONA EDUCATION ASSOCIATION PARTICIPATES IN THE PLAN WITH NEA.

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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 $6,724,126

Investment Income $13,823,685

Other Revenue $564,828

TOTAL REVENUE $21,112,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $330,933

TOTAL EXPENSES $12,645,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,112,639	$18,543,173	+0.1%
Expenses	$12,645,647	$11,073,627	+0.1%
Net Income	$8,466,992	$7,469,546	+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

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

Total Directors

$992,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCPHERSON	TRUSTEE	1.00	Director	$0	$116,834	$409,274
JAMES TESTERMAN	PLAN ADMINISTRATOR	1.00	Director	$0	$112,408	$407,142
JESSICA SWANSON	TRUSTEE	1.00	Director	$0	$48,247	$175,828

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	$21,112,639	$12,645,647	$248,670,361	$8,466,992
2022	$18,543,173	$11,073,627	$218,679,842	$7,469,546
2021	$29,630,512	$9,468,433	$261,867,910	$20,162,079
2020	$23,680,138	$9,760,385	$227,835,402	$13,919,753
2019	$23,375,382	$8,950,272	$195,528,505	$14,425,110
2018	$30,920,367	$10,346,209	$154,275,195	$20,574,158

NATIONAL EDUCATION ASSOCIATION AND AFFILIATE RETIREE HEALTH PLAN