CITY OF DETROIT POST-2014 NON-SAFETY EMPLOYEE RETIREE HEALTH CARE TRUST (EIN 816397517) - 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

2017

Legal Domicile

Principal Officer

EDWARD L MCNEIL

Phone

3135664787

Tax Period

2023-01-01 to 2023-12-31

CITY OF DETROIT POST-2014 NON-SAFETY EMPLOYEE RETIREE HEALTH CARE TRUST, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 83% operating margin.

Mission

THE TRUST IS ESTABLISHED FOR THE PURPOSE OF PROVIDING LIFE, SICKNESS, ACCIDENT, AND OTHER SIMILAR BENEFITS, DIRECTLY, THROUGH THE PURCHASE OF INSURANCE, OR BY REIMBURSEMENT OF EXPENSES, TO ELIGIBLE PARTICIPANTS.

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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 $43,750

Program Service Revenue $5,730,332

Investment Income $1,285,663

Other Revenue $0

TOTAL REVENUE $7,059,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,112

Fundraising Expenses $0

Other Expenses $160,864

TOTAL EXPENSES $1,207,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,059,745	$5,247,128	+0.3%
Expenses	$1,207,038	$1,024,315	+0.2%
Net Income	$5,852,707	$4,222,813	+0.4%

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

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD L MCNEIL	TRUSTEE CHAIRPERSON	1.00	Director	$9,000	$0	$9,000
FLOYD E ALLEN	TRUSTEE	1.00	Director	$9,000	$0	$9,000
N/A	INSTITUTIONAL TRUSTEE	1.00		$82,112	$0	$82,112

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	$7,059,745	$1,207,038	$39,032,439	$5,852,707
2022	$5,247,128	$1,024,315	$31,064,116	$4,222,813
2021	$5,609,890	$902,467	$28,967,115	$4,707,423
2020	$5,921,089	$414,395	$25,242,601	$5,506,694
2019	$5,533,738	$395,079	$18,992,588	$5,138,659
2018	$4,676,103	$355,367	$13,429,166	$4,320,736

CITY OF DETROIT POST-2014 NON-SAFETY EMPLOYEE RETIREE HEALTH CARE TRUST