TRANSIT EMPLOYEES RETIREE HEALTH F… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

JAMES MCGEE

Phone

2027978700

Tax Period

2023-01-01 to 2023-12-31

TRANSIT EMPLOYEES RETIREE HEALTH FUND, founded in 2020, is a community nonprofit in the Diseases & Disorders sector that reported $9.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.5M, a strong 98% operating margin.

Mission

THE PURPOSE OF THIS TRUST SHALL BE TO FUND RETIREE HEALTH BENEFITS FOR QUALIFIED PARTICIPANTS AND THEIR BENEFICIARIES IN THE AMOUNTS AND UNDER THE CONDITIONS AS SPECIFIED IN THE PLAN.

Program Service Accomplishments

Program 1

THE FUND IS A EMPLOYEE WELFARE BENEFIT PLAN GOVERNED BY ERISA. THE FUND WAS ESTABLISHED BY THE AMALGAMATED TRANSIT UNION LOCAL 689 TO PROVIDE RETIREE HEALTH BENEFITS TO CERTAIN RETIRED EMPLOYEES OF...

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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 $8,734,588

Investment Income $912,140

Other Revenue $0

TOTAL REVENUE $9,646,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $132,036

TOTAL EXPENSES $161,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,646,728	$8,090,466	+0.2%
Expenses	$161,453	$136,321	+0.2%
Net Income	$9,485,275	$7,954,145	+0.2%

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

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

$247,800

Total Directors

$304,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
KEITH BULLOCK	TRUSTEE	1.00	Director	$0	$0	$0
BARRY WILSON	TRUSTEE	1.00	Director	$0	$0	$0
DAMION CANNON	TRUSTEE	1.00	Director	$0	$0	$0
TONYA JACKSON	TRUSTEE (PARTIAL YEAR)	1.00	Director	$0	$9,038	$57,047
JAMES MCGEE	EXECUTIVE DIRECTOR	15.00	Officer Director	$0	$0	$247,800

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	$9,646,728	$161,453	$27,660,958	$9,485,275
2022	$8,090,466	$136,321	$17,359,041	$7,954,145

TRANSIT EMPLOYEES RETIREE HEALTH FUND