VOLUNTARY BENEFITS PLAN FOR UAW RETIRED EMPLOYEES OF ALLIS-CHALMERS CORPORATION

EIN: 943101366

RICHMOND HTS, OH

Total Revenue
$1,334,699
Total Expenses
$2,412,499
Total Assets
$32,102,751
Net Assets
$32,091,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
OH
Principal Officer
RICHARD L LICHTENSTEIN
Phone
2162618414
Tax Period
2023-01-01 to 2023-12-31

VOLUNTARY BENEFITS PLAN FOR UAW RETIRED EMPLOYEES OF ALLIS-CHALMERS CORPORATION, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 81% operating deficit.

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS TO RETIREES OF ALLIS-CHALMERS CORPORATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $84,726
Investment Income $1,249,973
Other Revenue $0
TOTAL REVENUE $1,334,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,665
Fundraising Expenses $0
Program Expenses $2,412,499
Other Expenses $477,828
TOTAL EXPENSES $2,412,499

Year-over-Year Comparison

2023 2022 Change
Revenue $1,334,699 $815,296 +0.6%
Expenses $2,412,499 $3,561,623 -0.3%
Net Income $-1,077,800 $-2,746,327 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
2

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
1
$32,810
Total Directors
6
$58,640
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD L LICHTENSTEIN BENEFITS COMMITTEE CHAIR 2.00
Officer Director
$32,810 $0 $32,810
N/A TRUSTEE 1.00
$17,025 $0 $17,025
GERALD L HALLIBURTON BENEFITS COMMITTEE MEMBER 1.00
Director
$12,915 $0 $12,915
JEFF KOSANKE BENEFITS COMMITTEE MEMBER 1.00
Director
$12,915 $0 $12,915
MAX FAZELLI BENEFITS COMMITTEE MEMBER 4/23-12/23 1.00
Director
$0 $0 $0
TED SZCZEPANIAK BENEFITS COMMITTEE MEMBER 1/23-4/23 1.00
Director
$0 $0 $0
RENEE TURNER BAILEY BENEFITS COMMITTEE MEMBER 1.00
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 No data No data No data No data
2023 $1,334,699 $2,412,499 $32,102,751 $-1,077,800
2022 $815,296 $3,561,623 $32,662,462 $-2,746,327
2021 $1,212,266 $4,226,794 $37,899,688 $-3,014,528
2020 $3,994,574 $4,131,031 $41,053,727 $-136,457
2019 $1,504,601 $4,563,425 $43,863,736 $-3,058,824
2018 $10,207,195 $5,236,129 $43,906,001 $4,971,066
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