KRAFT HEINZ COMPANY RETIREE HEALTH & WELFARE BENEFITS TRUST III (EIN 276820275) - 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

2011

Legal Domicile

Principal Officer

KOURTNEY KARLESKI

Tax Period

2023-01-01 to 2023-12-31

KRAFT HEINZ COMPANY RETIREE HEALTH & WELFARE BENEFITS TRUST III, founded in 2011, is a mid-sized nonprofit in the Mutual Benefit sector that reported $51.7M in total revenue in fiscal year 2023. Revenue surged 1198% from the prior year, signaling strong growth momentum. Expenses of $90.2M exceeded revenue, resulting in a 75% operating deficit.

Mission

SEE PART III, LINE 1

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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 $12,077,751

Investment Income $24,996,164

Other Revenue $14,599,234

TOTAL REVENUE $51,673,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,981

Fundraising Expenses $0

Program Expenses $71,857,553

Other Expenses $18,320,370

TOTAL EXPENSES $90,227,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,673,149	$3,981,195	+12.0%
Expenses	$90,227,904	$81,733,792	+0.1%
Net Income	$-38,554,755	$-77,752,597	-0.5%

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
EMPLOYEE BENEFITS ADMIN BOARD	TRUSTEE	2.00	Director	$0	$0	$0
N/A	TRUSTEE	40.00		$49,981	$0	$49,981

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	$51,673,149	$90,227,904	$926,429,108	$-38,554,755
2022	$3,981,195	$81,733,792	$887,938,749	$-77,752,597
2021	$69,120,518	$102,459,331	$1,155,325,144	$-33,338,813
2020	$203,211,841	$220,269,234	$1,158,260,417	$-17,057,393
2019	$61,219,526	$138,303,945	$1,109,465,376	$-77,084,419
2018	$38,165,029	$144,774,489	$1,047,475,710	$-106,609,460

KRAFT HEINZ COMPANY RETIREE HEALTH & WELFARE BENEFITS TRUST III