MASTER TRUST AGREEMENT FOR WELFARE BENEFITS (EIN 043480219) - 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

Legal Domicile

Principal Officer

MASS GENERAL BRIGHAM INCO

Phone

8572820747

Tax Period

2023-10-01 to 2024-09-30

MASTER TRUST AGREEMENT FOR WELFARE BENEFITS is a mid-sized nonprofit in the Mutual Benefit sector that reported $13.3M in total revenue in fiscal year 2023. The organization ran a surplus of $4.7M, a strong 35% operating margin.

Mission

TO PROVIDE LIFE, SICKNESS, ACCIDENT AND OTHER BENEFITS

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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 $11,846,167

Investment Income $1,493,682

Other Revenue $0

TOTAL REVENUE $13,339,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,611,415

Other Expenses $1,533,818

TOTAL EXPENSES $8,611,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,339,849	$13,480,756	0.0%
Expenses	$8,611,415	$8,963,306	0.0%
Net Income	$4,728,434	$4,517,450	+0.0%

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
N/A	TRUSTEE	1.00		$1,533,818	$0	$1,533,818

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	$13,339,849	$8,611,415	$225,079,842	$4,728,434
2023	$13,480,756	$8,963,306	$177,251,853	$4,517,450
2022	$12,702,299	$8,151,548	$150,443,269	$4,550,751
2021	$11,626,621	$7,667,801	$169,877,449	$3,958,820
2020	$11,999,774	$6,902,332	$130,703,354	$5,097,442
2019	$9,115,752	$6,674,067	$120,583,039	$2,441,685
2018	$10,029,987	$6,111,964	$116,349,784	$3,918,023

MASTER TRUST AGREEMENT FOR WELFARE BENEFITS