Raytheon Benefit Trust for Active … - 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

BNY MELLON

Phone

7815223000

Tax Period

2023-01-01 to 2023-12-31

Raytheon Benefit Trust for Active & Retired Employees, founded in 1993, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. The organization ran a surplus of $3.0M, a strong 41% operating margin.

Mission

THE WELFARE BENEFIT PLAN TRUSTS ARE FOR THE EXCLUSIVE BENEFIT OF THE ELIGIBLE EMPLOYEES, THEIR DEPENDENT & DESIGNATED BENEFICIARY TO COLLECT EMPLOYEE CONTRIBUTIONS & PAY EMPLOYEE BENEFIT (CLAIMS), THE TRUST AGREEMENTS SHALL BE INTERPRETED IN A MANNER CONSISTENT WITH INTENT & WITH INTENTION OF RTX CORPORATION THAT THE TRUST HERE UNDER SATISFIES PROVISIONS OF IRC RELATING TO VEBAS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Provision of exclusive benefits to eligible employees of the employer, their eligible dependents and designated beneficiaries.

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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 $2,625,303

Investment Income $4,607,158

Other Revenue $0

TOTAL REVENUE $7,232,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,337

Fundraising Expenses $0

Program Expenses $0

Other Expenses $4,716

TOTAL EXPENSES $4,267,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,232,461	$6,813,674	+0.1%
Expenses	$4,267,219	$4,795,943	-0.1%
Net Income	$2,965,242	$2,017,731	+0.5%

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
THE BANK OF NEW YORK MELLON	TRUSTEE (SEE SCHEDULE O)	0.0		$12,337	$0	$12,337

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	$7,232,461	$4,267,219	$93,975,372	$2,965,242
2022	$6,813,674	$4,795,943	$83,034,813	$2,017,731
2021	$11,173,993	$6,518,131	$101,581,124	$4,655,862
2020	$15,188,191	$5,698,201	$95,035,826	$9,489,990
2019	$9,124,436	$6,959,607	$82,195,862	$2,164,829
2018	$8,340,983	$8,338,171	$70,841,614	$2,812

Raytheon Benefit Trust for Active & Retired Employees