WATERS CORPORATION EMPLOYEES' WELFARE BENEFIT TRUST (EIN 043281218) - 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

1995

Legal Domicile

Principal Officer

JILL BROWN

Phone

5084822200

Tax Period

2023-01-01 to 2023-12-31

WATERS CORPORATION EMPLOYEES' WELFARE BENEFIT TRUST, founded in 1995, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $758K, a strong 29% operating margin.

Mission

THE TRUST HAS BEEN ESTABLISHED TO FUND AND PAY BENEFITS AND (SEE SCHEDULE O) ADMINISTRATIVE EXPENSES FOR ELIGIBLE RETIREES UNDER THE WATERS RETIRE HEALTH CARE REIMBURSEMENT PLAN FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,671,725

Investment Income $963,504

Other Revenue $0

TOTAL REVENUE $2,635,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $171,004

TOTAL EXPENSES $1,876,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,635,229	$1,973,977	+0.3%
Expenses	$1,876,912	$1,450,037	+0.3%
Net Income	$758,317	$523,940	+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

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	0.00		$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	No data	No data	No data	No data
2023	$2,635,229	$1,876,912	$18,184,796	$758,317
2022	$1,973,977	$1,450,037	$15,723,563	$523,940
2021	$1,819,455	$1,236,327	$18,314,150	$583,128
2020	$1,680,405	$1,109,704	$16,168,140	$570,701
2019	$1,911,176	$1,207,292	$13,772,901	$703,884
2018	$1,714,178	$992,689	$11,079,794	$721,489

WATERS CORPORATION EMPLOYEES' WELFARE BENEFIT TRUST