FACTORY MUTUAL INSURANCE COMPANY POSTRETIREMENT WELFARE PROGRAM (EIN 050451089) - 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

1989

Legal Domicile

Phone

4012753000

Tax Period

2023-01-01 to 2023-12-31

FACTORY MUTUAL INSURANCE COMPANY POSTRETIREMENT WELFARE PROGRAM, founded in 1989, is a mid-sized nonprofit that reported $18.6M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $16.3M left a modest 12% surplus.

Mission

To provide certain life health and other welfare benefits to eligible retirees and their dependents.

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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 $2,164,894

Investment Income $14,457,707

Other Revenue $1,948,056

TOTAL REVENUE $18,570,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,124,489

Other Expenses $4,197,549

TOTAL EXPENSES $16,322,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,570,657	$12,869,797	+0.4%
Expenses	$16,322,038	$14,442,168	+0.1%
Net Income	$2,248,619	$-1,572,371	-2.4%

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	Role	Reportable Comp	Other Comp	Total
Sanjay Chawla	Chief Investment Officer Investments	Director	$0	$0	$0
Deanna Fidler	Executive Vice President	Director	$0	$0	$0
Jonathan I Mishara	Senior Vice President Governmental Affairs	Director	$0	$0	$0
Carl Slater	Senior Vice President Human Resources	Director	$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	$18,570,657	$16,322,038	$175,442,581	$2,248,619
2022	$12,869,797	$14,442,168	$155,197,107	$-1,572,371
2021	$28,194,770	$19,147,236	$196,804,032	$9,047,534
2020	$13,027,434	$14,614,998	$170,466,413	$-1,587,564

FACTORY MUTUAL INSURANCE COMPANY POSTRETIREMENT WELFARE PROGRAM