Union Bank and Trust Company Welfare Benefits Trust (EIN 276408571) - 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

2010

Legal Domicile

Principal Officer

Jason Muhleisen Trustee

Phone

4023231783

Tax Period

2023-01-01 to 2023-12-31

Union Bank and Trust Company Welfare Benefits Trust, founded in 2010, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To maintain and administer the net assets of the UBT Welfare Benefits Plan. The plan provides health, welfare & related benefits to eligible employees and their beneficiaries.

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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 $12,225,932

Investment Income $34,873

Other Revenue $528,636

TOTAL REVENUE $12,789,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,910,958

TOTAL EXPENSES $12,838,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,789,441	$10,906,727	+0.2%
Expenses	$12,838,722	$10,984,648	+0.2%
Net Income	$-49,281	$-77,921	-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

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
Union Bank-Executive Committee	Trustee	0.0		$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	$12,789,441	$12,838,722	$266,388	$-49,281
2022	$10,906,727	$10,984,648	$1,361,028	$-77,921
2021	$9,111,152	$9,265,740	$929,450	$-154,588
2020	$7,412,368	$7,714,789	$505,028	$-302,421
2019	$6,288,147	$7,120,843	$763,378	$-832,696
2018	$5,604,104	$6,199,168	$1,536,688	$-595,064

Union Bank and Trust Company Welfare Benefits Trust