BRINK'S COMPANY EMPLOYEE WELFARE B… - 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

2000

Legal Domicile

Principal Officer

KURT MCMAKEN

Phone

8042899600

Tax Period

2023-01-01 to 2023-12-31

BRINK'S COMPANY EMPLOYEE WELFARE BENEFIT TRUST, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.9M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $20.6M exceeded revenue, resulting in a 59% operating deficit.

Mission

PAYMENT OF HEALTH & INSURANCE BENEFITS FOR FORMER EMPLOYEES, RETIREES, AND THEIR INDEPENDENTS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS.

Program Service Accomplishments

Program 1

TRUST FOR WELFARE 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 $94,047

Investment Income $12,841,034

Other Revenue $0

TOTAL REVENUE $12,935,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,779,031

TOTAL EXPENSES $20,560,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,935,081	$9,585,451	+0.3%
Expenses	$20,560,624	$21,523,989	0.0%
Net Income	$-7,625,543	$-11,938,538	-0.4%

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

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	0.00		$0	$29,541	$29,541

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	$12,935,081	$20,560,624	$111,114,340	$-7,625,543
2022	$9,585,451	$21,523,989	$118,777,865	$-11,938,538
2021	$24,744,962	$23,797,809	$132,004,475	$947,153
2020	$10,289,775	$26,712,046	$131,080,471	$-16,422,271

BRINK'S COMPANY EMPLOYEE WELFARE BENEFIT TRUST