NYSNA RETIREE HEALTH FUND VEBA AT … - 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

2023

Legal Domicile

Principal Officer

ADAM KRAUTHAMER

Phone

8007227214

Tax Period

2024-01-01 to 2024-12-31

NYSNA RETIREE HEALTH FUND VEBA AT FLUSHING MEDICAL CENTER, founded in 2023, is a small nonprofit in the Employment sector that reported $273K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

TO BE USED FOR THE EXCLUSIVE PURPOSE OF REIMBURSING QUALIFYING MEDICAL EXPENSES FOR CERTAIN FORMER EMPLOYEES OF THE EMPLOYER ELIGIBLE TO PARTICIPATE IN THE PLAN, AS SPECIFIED IN THE COLLECTIVE BARGAINING AGREEMENT

Program Service Accomplishments

Program 1

FUND PROVIDES REIMBURSEMENT OF QUALIFYING MEDICAL EXPENSES FOR ELIGIBLE COVERED EMPLOYEES UPON THEIR 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 $271,815

Investment Income $1,096

Other Revenue $0

TOTAL REVENUE $272,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,240

TOTAL EXPENSES $275,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,911	$413,922	-0.3%
Expenses	$275,107	$61,055	+3.5%
Net Income	$-2,196	$352,867	-1.0%

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
TRACEY KAVANAGH	UNION TRUSTEE	0.50	Director	$0	$0	$0
THERESA MCGORTY	UNION TRUSTEE	0.50	Director	$0	$0	$0
ADAM KRAUTHAMER	UNION TRUSTEE	0.50	Director	$0	$0	$0
CATHERINE FERRARI	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
ROBERT LEVINE	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
TRINA CORNET	EMPLOYER TRUSTEE	0.50	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	$272,911	$275,107	$350,671	$-2,196
2023	$413,922	$61,055	$352,867	$352,867

NYSNA RETIREE HEALTH FUND VEBA AT FLUSHING MEDICAL CENTER