MINNEGASCO RETIREE MEDICAL TRUST (EIN 760487959) - 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

1979

Legal Domicile

Principal Officer

BRAD TUTUNJIAN

Phone

7132071111

Tax Period

2023-01-01 to 2023-12-31

MINNEGASCO RETIREE MEDICAL TRUST, founded in 1979, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE TRUST WAS ESTABLISHED IN ORDER TO RECEIVE COMPANY AND PARTICIPANT CONTRIBUTIONS AND TO PAY FOR HEALTH AND WELFARE BENEFITS TO ELIGIBLE RETIRED EMPLOYEES OF THE COMPANY, THEIR BENEFICIARIES OR ESTATES.

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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 $449,789

Investment Income $626,184

Other Revenue $0

TOTAL REVENUE $1,075,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,579,753

Other Expenses $245,417

TOTAL EXPENSES $1,581,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,075,973	$948,988	+0.1%
Expenses	$1,581,670	$1,718,879	-0.1%
Net Income	$-505,697	$-769,891	-0.3%

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
BRAD A TUTUNJIAN	CHAIRMAN	1.00	Director	$0	$0	$0
NATHAN BROWNELL	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
RICHARD C LEGER	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JACQUELINE M RICHERT	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
BERTHA VILLATORO	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$6,520	$0	$6,520
STEPHANY LIN-ABNEY	SECRETARY	1.00	Officer	$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	$1,075,973	$1,581,670	$18,531,098	$-505,697
2022	$948,988	$1,718,879	$18,025,428	$-769,891
2021	$1,175,540	$1,641,097	$20,589,679	$-465,557
2020	$1,753,178	$1,317,888	$20,445,292	$435,290
2019	$1,891,083	$1,819,617	$19,864,376	$71,466
2018	$1,542,113	$1,922,695	$18,529,382	$-380,582

MINNEGASCO RETIREE MEDICAL TRUST