GERDAU AMERISTEEL US UNION RETIREE HEALTH BENEFITS TRUST (EIN 597268449) - 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

2004

Legal Domicile

Principal Officer

JEANETTE STUMP

Phone

4122012242

Tax Period

2023-01-01 to 2023-12-31

GERDAU AMERISTEEL US UNION RETIREE HEALTH BENEFITS TRUST, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $895K, a strong 37% operating margin.

Mission

TO PROVIDE RETIREE HEALTH AND OTHER WELFARE BENEFITS TO PLAN PARTICIPANTS.

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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 $353,788

Investment Income $2,035,814

Other Revenue $1,329

TOTAL REVENUE $2,390,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,000

Fundraising Expenses $0

Program Expenses $1,495,748

Other Expenses $1,487,748

TOTAL EXPENSES $1,495,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,390,931	$3,200,315	-0.3%
Expenses	$1,495,748	$1,376,825	+0.1%
Net Income	$895,183	$1,823,490	-0.5%

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

$8,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANETTE STUMP	TRUSTEE	1.00	Director	$4,000	$0	$4,000
TOM GARLOCK	TRUSTEE	1.00	Director	$4,000	$0	$4,000
DANNY DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
TRENA HORTON	TRUSTEE	1.00	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	$2,390,931	$1,495,748	$37,219,751	$895,183
2022	$3,200,315	$1,376,825	$33,530,181	$1,823,490
2021	$993,802	$1,180,052	$38,906,531	$-186,250
2020	$944,746	$937,297	$35,287,413	$7,449
2019	$1,004,518	$1,035,311	$31,178,084	$-30,793
2018	$1,481,752	$1,517,453	$26,375,115	$-35,701

GERDAU AMERISTEEL US UNION RETIREE HEALTH BENEFITS TRUST