KONE INC HEALTH BENEFIT & TRUST AGREEMENT

EIN: 363258433

MOLINE, IL

Total Revenue
$17,815,569
Total Expenses
$21,569,686
Total Assets
N/A
Net Assets
N/A
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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
IL
Principal Officer
KRISHNAMURTHY RANGARAJAN
Phone
6309554500
Tax Period
2020-01-01 to 2020-12-31

KONE INC HEALTH BENEFIT & TRUST AGREEMENT, founded in 1989, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2020. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $21.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDE VARIOUS TYPES OF HEALTH BENEFITS FOR CURRENT AND RETIRED EMPLOYEES

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,410,323
Investment Income $405,246
Other Revenue $0
TOTAL REVENUE $17,815,569

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,569,686
Other Expenses $1,413,283
TOTAL EXPENSES $21,569,686

Year-over-Year Comparison

2020 2019 Change
Revenue $17,815,569 $23,853,970 -0.3%
Expenses $21,569,686 $24,172,089 -0.1%
Net Income $-3,754,117 $-318,119 +10.8%
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

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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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 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
2020 $17,815,569 $21,569,686 No data $-3,754,117
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