ABBOTT LABORATORIES EMPLOYEE INSURANCE TRUST

EIN: 363802934

Abbott Park, IL

Total Revenue
$8,935,726
Total Expenses
$9,144,305
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
1991
Legal Domicile
IL
Principal Officer
JOHN MCCOY
Phone
2246676100
Tax Period
2020-01-01 to 2020-12-31

ABBOTT LABORATORIES EMPLOYEE INSURANCE TRUST, founded in 1991, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2020.

Mission

THE ORGANIZATION PROVIDES VARIOUS LIFE INSURANCE AND AD&D INSURANCE TO THE GROUP'S MEMBERS.

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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 $8,933,788
Investment Income $1,938
Other Revenue $0
TOTAL REVENUE $8,935,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $9,144,305
TOTAL EXPENSES $9,144,305

Year-over-Year Comparison

2020 2019 Change
Revenue $8,935,726 $8,278,565 +0.1%
Expenses $9,144,305 $10,130,817 -0.1%
Net Income $-208,579 $-1,852,252 -0.9%
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
3
Independent Members
3
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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN PETERSON TRUSTEE 0.10
Director
$0 $0 $0
BRIAN B YOOR TRUSTEE 0.10
Director
$0 $0 $0
MARY K MORELAND TRUSTEE 0.10
Director
$0 $0 $0
ROBERT E FUNCK JR TRUSTEE 0.10
Director
$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 $8,935,726 $9,144,305 No data $-208,579
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