JOHN HANCOCK MARKETING REPRESENTATIVE WELFARE TRUST (EIN 043228901) - 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

1991

Legal Domicile

Principal Officer

RICK CARLSON

Phone

6175720733

Tax Period

2024-01-01 to 2024-12-31

JOHN HANCOCK MARKETING REPRESENTATIVE WELFARE TRUST, founded in 1991, is a community nonprofit in the Mutual Benefit sector that reported $7.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $9.9M, a strong 135% operating margin.

Mission

THIS IS A VOLUNTARY EMPLOYEE'S BENEFICIARY ASSOCIATION TRUST (VEBA). THE VEBA WAS ESTABLISHED TO FUND AND ADMINISTER THE SELF INSURED BENEFITS OF CERTAIN JOHN HANCOCK LIFE INS CO EMPLOYEES, DEPENDENTS AND RETIREES.

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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 $7,388,218

Other Revenue $0

TOTAL REVENUE $7,388,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $-2,561,276

Other Expenses $-4,620,585

TOTAL EXPENSES $-2,561,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,388,218	$8,662,429	-0.1%
Expenses	$-2,561,276	$1,420,055	-2.8%
Net Income	$9,949,494	$7,242,374	+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

N/A

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	1.00		$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	$7,388,218	$-2,561,276	$224,412,420	$9,949,494
2023	$8,662,429	$1,420,055	$220,918,820	$7,242,374
2022	$12,338,037	$-3,477,310	$208,775,040	$15,815,347
2021	$11,182,180	$-5,790,030	$241,740,966	$16,972,210
2020	$6,661,263	$2,178,632	$238,080,375	$4,482,631

JOHN HANCOCK MARKETING REPRESENTATIVE WELFARE TRUST