LUFTHANSA GERMAN AIRLINES EMPLOYEE… - Form 990 Financial Data

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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

1982

Legal Domicile

Phone

5166673610

Tax Period

2023-01-01 to 2023-12-31

LUFTHANSA GERMAN AIRLINES EMPLOYEE HEALTH & DISABILITY BEN PLAN TRUST, founded in 1982, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH AND DISABILITY BENEFITS COVERAGE TO ELIGIBLE EMPLOYEES, RETIREES, AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PROVIDE HEALTH AND DISABILITY BENEFITS COVERAGE TO ELIGIBLE LUFTHANSA EMPLOYEES, RETIREES, AND THEIR DEPENDENTS THROUGH EMPLOYER SPONSORED WELFARE PLANS. IN 2023 IT BENEFITS APPROXIMATELY 1,275...

PROVIDE HEALTH AND DISABILITY BENEFITS COVERAGE TO ELIGIBLE LUFTHANSA EMPLOYEES, RETIREES, AND THEIR DEPENDENTS THROUGH EMPLOYER SPONSORED WELFARE PLANS. IN 2023 IT BENEFITS APPROXIMATELY 1,275 PROGRAM PARTICIPANTS.

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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 $17,763,625

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,763,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,944,874

TOTAL EXPENSES $18,086,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,763,625	$13,223,637	+0.3%
Expenses	$18,086,622	$15,952,487	+0.1%
Net Income	$-322,997	$-2,728,850	-0.9%

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
JAMES STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN QUINN	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN MCDOUGALL	TRUSTEE	1.00	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	$17,763,625	$18,086,622	No data	$-322,997
2022	$13,223,637	$15,952,487	No data	$-2,728,850
2021	$15,798,770	$16,652,445	$2,508,054	$-853,675
2020	$18,614,047	$17,291,141	$3,361,729	$1,322,906
2019	$16,054,317	$16,538,203	$2,038,823	$-483,886
2018	$16,899,785	$14,637,567	$2,522,709	$2,262,218

LUFTHANSA GERMAN AIRLINES EMPLOYEE HEALTH & DISABILITY BEN PLAN TRUST