RETIREE'S WELFARE TRUST (EIN 916065367) - 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

1964

Legal Domicile

Principal Officer

JOE TESSIER

Phone

2063294900

Tax Period

2024-01-01 to 2024-12-31

RETIREE'S WELFARE TRUST, founded in 1964, is a mid-sized nonprofit that reported $55.3M in total revenue in fiscal year 2024. The organization ran a surplus of $22.7M, a strong 41% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS FOR RETIRED EMPLOYEES WHO MEET THE ELIGIBILITY RULES IN EFFECT WHEN THEY RETIRE AND/OR QUALIFIED MEMBERS OF THEIR FAMILY.

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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 $47,973,860

Investment Income $7,341,034

Other Revenue $0

TOTAL REVENUE $55,314,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,072,600

TOTAL EXPENSES $32,635,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,314,894	$52,482,151	+0.1%
Expenses	$32,635,729	$40,352,250	-0.2%
Net Income	$22,679,165	$12,129,901	+0.9%

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

$366,173

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE TESSIER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN PERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY ZEILER	TRUSTEE	1.00	Director	$0	$0	$0
TED BUNSTINE	TRUSTEE (OUTGOING)	1.00	Director	$0	$58,000	$196,477
RICH EWING	TRUSTEE	1.00	Director	$0	$57,000	$169,696

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	$55,314,894	$32,635,729	$156,828,774	$22,679,165
2023	$52,482,151	$40,352,250	$133,326,281	$12,129,901
2022	$50,830,349	$37,391,371	$116,226,888	$13,438,978
2021	$46,106,899	$32,702,210	$113,632,369	$13,404,689
2020	$43,337,498	$29,200,496	$97,777,796	$14,137,002
2019	$42,470,272	$30,509,211	$80,896,989	$11,961,061
2018	$32,263,022	$30,310,927	$66,484,264	$1,952,095

RETIREE'S WELFARE TRUST