INTERNATIONAL TRANSMISSION COMPANY RETIREEE BENEFIT TRUST (EIN 810596181) - 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

2003

Legal Domicile

Principal Officer

AMY PERLMAN

Phone

2489463450

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL TRANSMISSION COMPANY RETIREEE BENEFIT TRUST, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 61% operating margin.

Mission

The trust was established to pre-fund retirement health care and life insurance expenses for the Company's employees.

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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 $1,439,489

Investment Income $3,199,673

Other Revenue $0

TOTAL REVENUE $4,639,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,749,610

Fundraising Expenses $0

Other Expenses $53,884

TOTAL EXPENSES $1,803,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,639,162	$7,345,451	-0.4%
Expenses	$1,803,494	$1,762,043	+0.0%
Net Income	$2,835,668	$5,583,408	-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

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 and Trust Company	NA	1.0		$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	$4,639,162	$1,803,494	$112,354,763	$2,835,668
2022	$7,345,451	$1,762,043	$97,519,450	$5,583,408
2021	$9,556,920	$1,426,860	$111,340,264	$8,130,060
2020	$11,657,417	$1,521,899	$94,754,867	$10,135,518

INTERNATIONAL TRANSMISSION COMPANY RETIREEE BENEFIT TRUST