HEALTH PROFESSIONALS AND ALLIED EMPLOYEE AFT/AFL-CIO RETIREE MEDICAL TRUST (EIN 686254830) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

MICHAEL SLOTT

Phone

2019478000

Tax Period

2023-01-01 to 2023-12-31

HEALTH PROFESSIONALS AND ALLIED EMPLOYEE AFT/AFL-CIO RETIREE MEDICAL TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $2.0M, a strong 71% operating margin.

Mission

THE PLAN PROVIDES REIMBURSEMENT OF HEALTH INSURANCE PREMIUMS AND REIMBURSEMENT FOR MISCELLANEOUS MEDICAL EXPENSES DURING RETIREMENT FOR APPROXIMATELY 14,700 ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,058,084

Investment Income $712,707

Other Revenue $0

TOTAL REVENUE $2,770,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $420,581

TOTAL EXPENSES $815,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,770,791	$3,136,154	-0.1%
Expenses	$815,417	$766,007	+0.1%
Net Income	$1,955,374	$2,370,147	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SLOTT	UNION TRUSTEE-CHAIRMAN	5.00	Director	$0	$0	$0
LOUIS LESSIG	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
ALICE HOWARTH	UNION TRUSTEE	5.00	Director	$0	$0	$0
ROY PARK	FORMER EMPLOYER TRUSTEE	5.00	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	$2,770,791	$815,417	$35,612,139	$1,955,374
2022	$3,136,154	$766,007	$29,479,746	$2,370,147
2021	$5,700,101	$707,177	$33,337,875	$4,992,924
2020	$3,845,696	$503,490	$27,424,641	$3,342,206
2019	$2,687,558	$445,243	$22,794,432	$2,242,315
2018	$2,845,346	$360,431	$17,620,927	$2,484,915

HEALTH PROFESSIONALS AND ALLIED EMPLOYEE AFT/AFL-CIO RETIREE MEDICAL TRUST