THE WOODS HOLE OCEANOGRAPHIC INSTITUTION TAX EXEMPT EMPLOYEE WELFARE BENEFITS TRUST (EIN 043282355) - 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

1993

Legal Domicile

Principal Officer

PETER DE MENOCAL

Phone

5084572000

Tax Period

2023-01-01 to 2023-12-31

THE WOODS HOLE OCEANOGRAPHIC INSTITUTION TAX EXEMPT EMPLOYEE WELFARE BENEFITS TRUST, founded in 1993, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $10.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDE BENEFITS FOR ELIGIBLE RETIREES UNDER THE WOODS HOLE OCEANOGRAPHIC RETIREE MEDICAL PLAN.

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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 $7,949,420

Investment Income $505,473

Other Revenue $0

TOTAL REVENUE $8,454,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $562,546

TOTAL EXPENSES $10,320,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,454,893	$11,172,079	-0.2%
Expenses	$10,320,832	$12,364,614	-0.2%
Net Income	$-1,865,939	$-1,192,535	+0.6%

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
STATE STREET BANK AND TRUST COMPANY	TRUSTEE	1.0		$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	$8,454,893	$10,320,832	$9,158,265	$-1,865,939
2022	$11,172,079	$12,364,614	$10,117,999	$-1,192,535
2021	$9,017,314	$9,600,180	$13,122,070	$-582,866
2020	$8,327,706	$8,370,116	$13,476,741	$-42,410
2019	$9,233,745	$9,092,540	$12,225,972	$141,205
2018	$9,294,185	$9,786,099	$10,451,735	$-491,914

THE WOODS HOLE OCEANOGRAPHIC INSTITUTION TAX EXEMPT EMPLOYEE WELFARE BENEFITS TRUST