FEDERAL EXPRESS CORPORATION WELFARE BENEFITS TRUST (EIN 363282351) - 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

1978

Legal Domicile

Principal Officer

DAVID SALERNO

Phone

6176622133

Tax Period

2024-06-01 to 2025-05-31

FEDERAL EXPRESS CORPORATION WELFARE BENEFITS TRUST, founded in 1978, is a mid-sized nonprofit that reported $40.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THIS FEDERAL EXPRESS CORPORATION TRUST PROVIDES LONG TERM DISABILITY PAYMENTS TO ELIGIBLE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,071,247

Investment Income $6,000

Other Revenue $97,207

TOTAL REVENUE $40,174,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370

Fundraising Expenses $0

Program Expenses $39,717,011

Other Expenses $237,238

TOTAL EXPENSES $39,954,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,174,454	$37,090,678	+0.1%
Expenses	$39,954,619	$37,854,445	+0.1%
Net Income	$219,835	$-763,767	-1.3%

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
STATE STREET GLOBAL SERVICES	INSTITUTIONAL TRUSTEE	0.0		$370	$0	$370

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	$40,174,454	$39,954,619	$213,147	$219,835
2024	$37,090,678	$37,854,445	$168,441	$-763,767
2023	$93,928,205	$92,134,839	$2,295,570	$1,793,366
2022	$82,936,752	$88,759,701	$1,372,581	$-5,822,949
2021	$83,348,971	$81,116,987	$5,891,385	$2,231,984
2020	$76,189,307	$74,584,663	$5,205,390	$1,604,644
2019	$78,311,979	$77,517,586	$1,100,073	$794,393
2018	$71,499,225	$71,497,107	$406,690	$2,118

FEDERAL EXPRESS CORPORATION WELFARE BENEFITS TRUST