VOLUNTARY BENEFITS PLAN FOR RETIRED EMPLOYEES OF WHITE MOTOR CORPORATION (EIN 341388262) - 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

1983

Legal Domicile

Principal Officer

JOHN T GRIGSBY JR

Phone

2162618414

Tax Period

2023-01-01 to 2023-12-31

VOLUNTARY BENEFITS PLAN FOR RETIRED EMPLOYEES OF WHITE MOTOR CORPORATION, founded in 1983, is a small nonprofit in the Mutual Benefit sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 246% from the prior year, signaling strong growth momentum. Expenses of $873K exceeded revenue, resulting in a 325% operating deficit.

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS TO RETIREES OF WHITE MOTOR CORPORATION.

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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 $23,636

Investment Income $181,775

Other Revenue $0

TOTAL REVENUE $205,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,464

Fundraising Expenses $0

Program Expenses $873,191

Other Expenses $264,845

TOTAL EXPENSES $873,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,411	$59,410	+2.5%
Expenses	$873,191	$1,283,820	-0.3%
Net Income	$-667,780	$-1,224,410	-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

Employees

N/A

Volunteers

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

$35,270

Total Directors

$77,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN T GRIGSBY JR	BENEFITS COMMITTEE CHAIR	2.00	Officer Director	$35,270	$0	$35,270
DREW DAVIDOFF	BENEFITS COMMITTEE MEMBER	1.00	Director	$21,020	$0	$21,020
RICHARD LICHTENSTEIN	BENEFITS COMMITTEE MEMBER	1.00	Director	$21,020	$0	$21,020
RENEE TURNER BAILEY	BENEFITS COMMITTEE MEMBER	1.00	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$6,212	$0	$6,212

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	$205,411	$873,191	$8,958,504	$-667,780
2022	$59,410	$1,283,820	$9,326,394	$-1,224,410
2021	$1,642,016	$1,344,221	$11,587,940	$297,795
2020	$599,127	$1,678,625	$12,472,762	$-1,079,498
2019	$6,512,912	$2,110,711	$13,156,995	$4,402,201
2018	$1,745,711	$2,245,575	$13,405,269	$-499,864

VOLUNTARY BENEFITS PLAN FOR RETIRED EMPLOYEES OF WHITE MOTOR CORPORATION