United Parcel Service Health and Welfare Plan Trust For Non-Collect (EIN 222899653) - 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

1985

Legal Domicile

Principal Officer

Barbara Dorfman

Phone

4048286093

Tax Period

2023-01-01 to 2023-12-31

United Parcel Service Health and Welfare Plan Trust For Non-Collect, founded in 1985, is a major nonprofit that reported $918.5M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

The VEBA trust holds the assets and controls the payment functions for the UPS Flexible Benefit Plan, UPS Health Care Plan, and UPS Retired Employee Health Care Plan.

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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 $918,245,837

Investment Income $216,010

Other Revenue $0

TOTAL REVENUE $918,461,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $46,039,157

TOTAL EXPENSES $913,098,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$918,461,847	$1,023,673,940	-0.1%
Expenses	$913,098,040	$1,032,871,708	-0.1%
Net Income	$5,363,807	$-9,197,768	-1.6%

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

$1,476,040

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Malika Terry	Fmr Admin Committee Member		$0	$6,533	$960,014
David Carroll	Admin. Committee Member	Director	$0	$24,174	$575,700
Barbara Dorfman	Admin Committee Member	Director	$0	$26,840	$501,659
Angelea Vasell	Admin. Committee Member	Director	$0	$18,090	$398,681
William Lyons	Fmr Admin Committee Member		$0	$27,533	$355,375
David Kim	Fmr Admin Committee Member		$0	$15,363	$341,283

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	$918,461,847	$913,098,040	$9,488,908	$5,363,807
2022	$1,023,673,940	$1,032,871,708	$4,289,932	$-9,197,768
2021	$950,371,007	$947,363,691	$4,408,597	$3,007,316
2020	$863,236,366	$863,547,204	$2,924,494	$-310,838

United Parcel Service Health and Welfare Plan Trust For Non-Collect