M&T Bank Welfare Benefits Trust

EIN: 222302218

Buffalo, NY

Total Revenue
$2,578,021
Total Expenses
$2,998,510
Total Assets
$89,390
Net Assets
$89,390
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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

Principal Officer
Rajwinder Sanghera
Phone
7168425110
Tax Period
2023-01-01 to 2023-12-31

M&T Bank Welfare Benefits Trust is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

Providing Medical/Surgical/Major Medical/ Dental & Life Insurance coverage for approximately 1,500 persons, primarily retirees.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,576,539
Program Service Revenue $0
Investment Income $1,482
Other Revenue $0
TOTAL REVENUE $2,578,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,998,510
Other Expenses $113,997
TOTAL EXPENSES $2,998,510

Year-over-Year Comparison

2023 2022 Change
Revenue $2,578,021 $4,233,496 -0.4%
Expenses $2,998,510 $4,197,819 -0.3%
Net Income $-420,489 $35,677 -12.8%
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

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Governance

Voting Members
8
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Marie Odrobino Director - Benefits & Wellness 0.0
Officer
$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 $2,578,021 $2,998,510 $89,390 $-420,489
2022 $4,233,496 $4,197,819 $509,879 $35,677
2021 $5,676,792 $6,049,920 $474,202 $-373,128
2020 $8,124,974 $7,335,072 $847,330 $789,902
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