SNAP-ON INCORPORATED AMENDED AND RESTATED BENEFIT TR FO COL BAR EMP (EIN 116629080) - 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

2007

Legal Domicile

Phone

2626565200

Tax Period

2023-01-01 to 2023-12-31

SNAP-ON INCORPORATED AMENDED AND RESTATED BENEFIT TR FO COL BAR EMP, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $492K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 126% operating deficit.

Mission

The trust provides funding for health benefits for union retirees. Benefits include medical, hospital, surgical, major medical, retiree reimbursement accounts and Medicare Part B premiums.

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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 $0

Investment Income $492,197

Other Revenue $0

TOTAL REVENUE $492,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,983

Fundraising Expenses $0

Program Expenses $1,111,463

Other Expenses $17,801

TOTAL EXPENSES $1,111,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,197	$391,350	+0.3%
Expenses	$1,111,463	$547,772	+1.0%
Net Income	$-619,266	$-156,422	+3.0%

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

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	777 E. Wisconsin Ave, Milwaukee WI 53202	0		$10,983	$0	$10,983

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	$492,197	$1,111,463	$11,310,426	$-619,266
2022	$391,350	$547,772	$11,251,780	$-156,422
2021	$498,135	$746,970	$13,788,676	$-248,835
2020	$183,209	$788,600	$13,250,996	$-605,391

SNAP-ON INCORPORATED AMENDED AND RESTATED BENEFIT TR FO COL BAR EMP