Kellogg Company Retired EES Welfare Benefit Trust For CBE (EIN 251802024) - 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

1987

Legal Domicile

Principal Officer

KELLANOVA

Phone

2699612000

Tax Period

2023-01-01 to 2023-12-31

Kellogg Company Retired EES Welfare Benefit Trust For CBE, founded in 1987, is a mid-sized nonprofit that reported $71.8M in total revenue in fiscal year 2023. Expenses of $777.3M exceeded revenue, resulting in a 982% operating deficit.

Mission

PAYMENT OF MEDICAL AND DENTAL EXPENSES FOR RETIRED COLLECTIVELY-BARGAINED EMPLOYEES OF KELLANOVA.

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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 $-16,811,574

Investment Income $88,631,023

Other Revenue $0

TOTAL REVENUE $71,819,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,196,095

TOTAL EXPENSES $777,348,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,819,449	$-55,411,866	-2.3%
Expenses	$777,348,775	$45,953,922	+15.9%
Net Income	$-705,529,326	$-101,365,788	+6.0%

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
ERISA FINANCE COMMITTEE	OVERSIGHT COMMITTEE	1.0	Director	$0	$0	$0
THE NORTHERN TRUST	TRUSTEE	1.0		$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	$71,819,449	$777,348,775	$416,490,117	$-705,529,326
2022	$-55,411,866	$45,953,922	$1,087,910,300	$-101,365,788
2021	$59,498,016	$51,159,920	$1,437,118,362	$8,338,096
2020	$27,279,207	$41,296,527	$1,341,702,615	$-14,017,320
2019	$69,765,451	$48,403,693	$1,231,174,886	$21,361,758
2018	$27,297,757	$53,285,284	$1,037,035,344	$-25,987,527

Kellogg Company Retired EES Welfare Benefit Trust For CBE