THE MITRE CORPORATION EMPLOYEE BEN… - 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

1993

Legal Domicile

Principal Officer

WILSON Y WANG

Phone

7039836000

Tax Period

2023-01-01 to 2023-12-31

THE MITRE CORPORATION EMPLOYEE BENEFITS TRUST, founded in 1993, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $6.9M exceeded revenue, resulting in a 141% operating deficit.

Mission

THE MITRE CORPORATION EMPLOYEE BENEFITS TRUST PROVIDES FOR THE PAYMENT OF MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEES OF THE MITRE CORPORATION.

Program Service Accomplishments

Program 1

POST RETIREMENT MEDICAL COSTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,565,969

Investment Income $319,222

Other Revenue $0

TOTAL REVENUE $2,885,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $433,415

TOTAL EXPENSES $6,944,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,885,191	$5,026,161	-0.4%
Expenses	$6,944,839	$6,626,356	+0.0%
Net Income	$-4,059,648	$-1,600,195	+1.5%

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
FIDELITY MGMT TRUST COMPANY	TRUSTEE	1.0		$76,210	$0	$76,210

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	$2,885,191	$6,944,839	$63,153,279	$-4,059,648
2022	$5,026,161	$6,626,356	$59,641,560	$-1,600,195
2021	$9,821,512	$5,024,137	$76,722,086	$4,797,375
2020	$5,017,973	$5,063,282	$70,849,663	$-45,309
2019	$3,758,805	$6,534,489	$63,550,155	$-2,775,684
2018	$2,672,212	$5,395,771	$55,946,677	$-2,723,559

THE MITRE CORPORATION EMPLOYEE BENEFITS TRUST