TRANSPORT WORKERS MTA HEALTH & WELF

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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

1989

Legal Domicile

Principal Officer

GEORGE FOTINOS

Phone

7138681995

Tax Period

2024-01-01 to 2024-12-31

TRANSPORT WORKERS MTA HEALTH & WELF, founded in 1989, is a mid-sized nonprofit that reported $63.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES OF THE METROPOLITAN TRANSIT AUTHORITY.

Program Service Accomplishments

Program 1

Expenses: $67,514,630

COST OF INSURANCE BENEFITS FOR ENROLLED PARTICIPANTS OF THE TRUST

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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 (2024)

Revenue Breakdown

Contributions & Grants $63,862,415

Program Service Revenue $0

Investment Income $42

Other Revenue $0

TOTAL REVENUE $63,862,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,629

Fundraising Expenses $0

Program Expenses $67,515,660

Other Expenses $741,675

TOTAL EXPENSES $68,549,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,862,457	$57,940,831	+0.1%
Expenses	$68,549,934	$60,293,994	+0.1%
Net Income	$-4,687,477	$-2,353,163	+1.0%

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

N/A

Employees

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
JAMES CARTER	TRUSTEE	N/A	Director	$0	$0	$0
JOSE CRUZ	CHAIRMAN TRU	N/A	Director	$0	$0	$0
ROBERT GARRETT	TRUSTEE	N/A	Director	$0	$0	$0
HORACE MARVES	TRUSTEE	N/A	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	$63,862,457	$68,549,934	$7,751,030	$-4,687,477
2023	$57,940,831	$60,293,994	$6,569,992	$-2,353,163
2022	$54,093,741	$55,291,893	$8,952,905	$-1,198,152
2021	$53,517,376	$51,372,847	$10,025,707	$2,144,529
2020	$56,790,744	$53,121,504	$11,777,420	$3,669,240
2019	$56,783,553	$52,353,153	$4,203,044	$4,430,400