TRANSWORLD AIRLINES INC RETIREES HEALTH AND LIFE BENEFITS PLAN TRUST (EIN 752964614) - 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

2002

Legal Domicile

Principal Officer

LEKRESA BROWN

Phone

6822784734

Tax Period

2024-01-01 to 2024-12-31

TRANSWORLD AIRLINES INC RETIREES HEALTH AND LIFE BENEFITS PLAN TRUST, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 18% operating deficit.

Mission

Provide Payments of Health and Life Benefits to the Employee Group Participating in the Employee Plan.

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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 $0

Program Service Revenue $1,933,952

Investment Income $62,744

Other Revenue $0

TOTAL REVENUE $1,996,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $922

Fundraising Expenses $0

Other Expenses $263,355

TOTAL EXPENSES $2,358,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,996,696	$2,171,054	-0.1%
Expenses	$2,358,930	$2,409,899	0.0%
Net Income	$-362,234	$-238,845	+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

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
STATE STREET BANK TRUST CO	TRUSTEE (See Schedule O)	0.0		$922	$0	$922

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	$1,996,696	$2,358,930	$965,766	$-362,234
2023	$2,171,054	$2,409,899	$1,328,000	$-238,845
2022	$2,320,888	$2,264,519	$1,566,845	$56,369
2021	$2,424,772	$2,286,561	$1,510,476	$138,211
2020	$2,606,046	$2,293,223	$1,372,265	$312,823
2019	$2,763,557	$3,310,310	$1,059,442	$-546,753
2018	$2,883,390	$3,420,954	$1,606,195	$-537,564

TRANSWORLD AIRLINES INC RETIREES HEALTH AND LIFE BENEFITS PLAN TRUST