Honda Health and Welfare Benefits Trust (EIN 311231708) - 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

1989

Legal Domicile

Principal Officer

Mike Talcott

Phone

9376425000

Tax Period

2024-04-01 to 2025-03-31

Honda Health and Welfare Benefits Trust, founded in 1989, is a major nonprofit that reported $143.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $131.4M left a modest 8% surplus.

Mission

To perform functions associated with administering a 501(c)(9) health and welfare plan on behalf of participants and their dependents.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $142,481,257

Investment Income $892,869

Other Revenue $9

TOTAL REVENUE $143,374,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,691,121

TOTAL EXPENSES $131,393,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,374,135	$132,264,648	+0.1%
Expenses	$131,393,613	$134,927,859	0.0%
Net Income	$11,980,522	$-2,663,211	-5.5%

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

N/A

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
N/A	Custodian	1.00		$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
2025	$143,374,135	$131,393,613	$31,882,471	$11,980,522
2024	$132,264,648	$134,927,859	$19,901,949	$-2,663,211
2023	$120,113,443	$122,892,172	$22,565,160	$-2,778,729
2022	$31,829,946	$125,168,932	$25,343,889	$-93,338,986
2021	$206,370,834	$96,509,490	$118,682,875	$109,861,344
2020	$73,069,050	$77,683,770	$8,821,531	$-4,614,720
2019	$71,078,797	$64,117,635	$13,436,251	$6,961,162
2018	$56,173,505	$55,055,046	$6,475,089	$1,118,459

Honda Health and Welfare Benefits Trust