CL&ST LOCAL UNION 1926 RETIREE HEALTH REIMBURSEMENT FUND (EIN 863434005) - 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

2021

Legal Domicile

Principal Officer

DOUGLAS KEMA JR

Phone

8087621479

Tax Period

2024-01-01 to 2024-12-31

CL&ST LOCAL UNION 1926 RETIREE HEALTH REIMBURSEMENT FUND, founded in 2021, is a small nonprofit in the Mutual Benefit sector that reported $557K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $528K, a strong 95% operating margin.

Mission

THE PURPOSE OF THIS PLAN IS TO CREATE A RESERVE FOR REIMBURSEMENT OF HOSPITAL, MEDICAL, DENTAL AND SIMILAR BENEFITS FOR ELIGIBLE PARTICIPANTS FOLLOWING RETIREMENT.

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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 $523,042

Investment Income $34,444

Other Revenue $0

TOTAL REVENUE $557,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,046

Other Expenses $29,208

TOTAL EXPENSES $29,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$557,486	$491,912	+0.1%
Expenses	$29,208	$32,103	-0.1%
Net Income	$528,278	$459,809	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYDEN VALMOJA	UNION TRUSTE	5.00	Director	$0	$0	$0
DOUGLAS KEMA JR	UNION TRUSTE	5.00	Director	$0	$0	$0
PATERNO ASUNCION	UNION TRUSTE	5.00	Director	$0	$0	$0
KEITH EMERSON	EMPLOYER TRU	5.00	Director	$0	$0	$0
TIM LYONS	EMPLOYER TRU	5.00	Director	$0	$0	$0
TARYN MIYAMOTO	EMPLOYER TRU	5.00	Director	$0	$0	$0
MARC MATSUBARA	EMPLOYER TRU	5.00	Director	$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	$557,486	$29,208	$1,542,864	$528,278
2023	$491,912	$32,103	$1,014,586	$459,809
2022	$366,042	$31,342	$554,777	$334,700

CL&ST LOCAL UNION 1926 RETIREE HEALTH REIMBURSEMENT FUND