TRUST FOR THE BENEFIT OF UNION RET… - 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

1993

Legal Domicile

Principal Officer

TIMOTHY J MULVANEY

Phone

5407773997

Tax Period

2023-01-01 to 2023-12-31

TRUST FOR THE BENEFIT OF UNION RETIREES OF ROANOKE GAS COMPANY, founded in 1993, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. Expenses of $171K exceeded revenue, resulting in a 67% operating deficit.

Mission

DEFINED BENEFIT HEALTH AND WELFARE BENEFIT PLAN ESTABLISHED TO PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO ELIGIBLE ACTIVE AND RETIRED EMPLOYEES OF RGC RESOURCES, INC. AND SUBISDIARIES WHO ELECT TO PARTICIPATE.

Program Service Accomplishments

Program 1

Expenses: $170,553 Revenue: $17,213

PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS.

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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 $17,213

Investment Income $84,968

Other Revenue $0

TOTAL REVENUE $102,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,553

Other Expenses $4

TOTAL EXPENSES $170,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,181	$40,772	+1.5%
Expenses	$170,553	$216,344	-0.2%
Net Income	$-68,372	$-175,572	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL NESTER	TRUSTEE	0.50	Director	$0	$0	$0
C BROOKE MILES	TRUSTEE	0.50	Director	$0	$0	$0
JASON A FIELD	TRUSTEE/CFO	0.50	Officer Director	$0	$0	$0
LAWRENCE T OLIVER	TRUSTEE	0.50	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	$102,181	$170,553	$1,899,210	$-68,372
2022	$40,772	$216,344	$1,813,652	$-175,572
2021	$175,496	$252,787	$2,342,935	$-77,291
2020	$177,867	$195,437	$2,382,993	$-17,570

TRUST FOR THE BENEFIT OF UNION RETIREES OF ROANOKE GAS COMPANY