HL&P UNION RETIREES MEDICAL & DENTAL BENEFIT TRUST (EIN 766103449) - 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

1997

Legal Domicile

Principal Officer

PATRICIA MARTIN

Phone

7132071111

Tax Period

2024-01-01 to 2024-12-31

HL&P UNION RETIREES MEDICAL & DENTAL BENEFIT TRUST, founded in 1997, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.0M exceeded revenue, resulting in a 128% 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 UNION 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $159,071

Investment Income $2,050,752

Other Revenue $0

TOTAL REVENUE $2,209,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,026,709

Other Expenses $168,121

TOTAL EXPENSES $5,047,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,209,823	$1,883,629	+0.2%
Expenses	$5,047,767	$4,978,343	+0.0%
Net Income	$-2,837,944	$-3,094,714	-0.1%

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
PATRICIA MARTIN	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
BERTHA VILLATORO	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$10,480	$0	$10,480
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	$2,209,823	$5,047,767	$51,628,392	$-2,837,944
2023	$1,883,629	$4,978,343	$53,456,458	$-3,094,714
2022	$1,162,050	$5,228,074	$52,773,690	$-4,066,024
2021	$4,338,627	$5,648,397	$66,726,309	$-1,309,770
2020	$3,050,806	$5,895,332	$68,964,007	$-2,844,526
2019	$4,003,189	$7,154,567	$67,395,701	$-3,151,378
2018	$2,947,740	$6,935,702	$63,998,632	$-3,987,962

HL&P UNION RETIREES MEDICAL & DENTAL BENEFIT TRUST