INTERNATIONAL PAPER COMPANY SALARIED RETIREE MED SVGS PROG TRST (EIN 621531551) - 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

1992

Legal Domicile

Principal Officer

CAROL W TUSCH

Phone

9014199000

Tax Period

2022-01-01 to 2022-12-31

INTERNATIONAL PAPER COMPANY SALARIED RETIREE MED SVGS PROG TRST, founded in 1992, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2022. Net assets of $67.5M represent 153 months of operating reserves.

Mission

SOLE ACTIVITY IS TO PROVIDE A VEHICLE FOR ELIGIBLE ACTIVE EMPLOYEES OF INTERNATIONAL PAPER COMPANY TO SAVE FOR CERTAIN FUTURE RETIREE MEDICAL EXPENSES AND THEN OBTAIN REIMBURSEMENT FROM THE TRUST AFTER RETIREMENT FOR THOSE EXPENSES. PURPOSE OF ACTIVITY IS TO ASSIST PARTICIPANTS IN MEETING THEIR COSTS OF POST-RETIREMENT MEDICAL CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,896,222

Investment Income $1,411,063

Other Revenue $0

TOTAL REVENUE $5,307,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,147

TOTAL EXPENSES $5,582,811

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,307,285	$5,032,081	+0.1%
Expenses	$5,582,811	$4,976,505	+0.1%
Net Income	$-275,526	$55,576	-6.0%

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

220

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
CAROL W TUSCH	PLAN FINANCIAL OFFICER	1.00	Officer Director	$0	$0	$0
NICOLE CODY	PLAN ADMINISTRATOR	1.00	Officer Director	$0	$0	$0
N/A	TRUSTEE	40.00		$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	No data	No data	No data	No data
2022	$5,307,285	$5,582,811	$67,526,865	$-275,526
2021	$5,032,081	$4,976,505	$72,934,584	$55,576
2020	$6,125,499	$4,872,392	$73,987,896	$1,253,107
2019	$7,271,574	$4,141,234	$71,947,557	$3,130,340
2018	$6,447,930	$3,742,434	$67,999,363	$2,705,496

INTERNATIONAL PAPER COMPANY SALARIED RETIREE MED SVGS PROG TRST