HOURLY NUMMI RETIREE SUPP HEALTH INS PLAN (EIN 946699820) - 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

1996

Legal Domicile

Principal Officer

BANK OF AMERICA N A

Phone

8888663275

Tax Period

2024-01-01 to 2024-12-31

HOURLY NUMMI RETIREE SUPP HEALTH INS PLAN, founded in 1996, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 503% operating deficit.

Mission

THE PURPOSE OF THE HOURLY NUMMI RETIREE SUPPLEMENTAL INSURANCE PLAN IS TO PROVIDE SUPPLEMENTAL HEALTH INSURANCE REIMBURSEMENTS TO FORMER EMPLOYEES, WHO WERE UNION MEMBERS WITH AT LEAST 10 YEARS OF UNION SENIORITY, AND WHO RETIRE AFTER 1994 FROM EMPLOYMENT WITH NUMMI AT AGE 65 OR OLDER, AND THEIR ELIGIBLE SPOUSES.

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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 $0

Investment Income $228,453

Other Revenue $0

TOTAL REVENUE $228,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,417

Fundraising Expenses $0

Program Expenses $933,222

Other Expenses $251,812

TOTAL EXPENSES $1,378,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,453	$280,520	-0.2%
Expenses	$1,378,451	$1,131,037	+0.2%
Net Income	$-1,149,998	$-850,517	+0.4%

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

N/A

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
N/A	TRUSTEE/INVST MGR	1.0		$69,302	$0	$69,302
N/A	PLAN ADMINISTRATOR/NAMED FIDUCIARY	1.0		$124,115	$0	$124,115

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	$228,453	$1,378,451	$53,354,410	$-1,149,998
2023	$280,520	$1,131,037	$54,478,784	$-850,517
2022	$-293,731	$1,294,597	$55,310,344	$-1,588,328
2021	$3,042,071	$1,434,663	$56,949,052	$1,607,408
2020	$2,985,755	$1,412,093	$55,312,154	$1,573,662

HOURLY NUMMI RETIREE SUPP HEALTH INS PLAN