KRAFT HEINZ COMPANY GROUP BENEFIT … - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

KOURTNEY KARLESKI

Tax Period

2023-01-01 to 2023-12-31

KRAFT HEINZ COMPANY GROUP BENEFIT TRUST I, founded in 1998, is a major nonprofit that reported $181.6M in total revenue in fiscal year 2023.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE GROUP HEALTH AND LIFE INSURANCE BENEFITS TO CURRENT EMPLOYEES AND THEIR DEPENDENTS COVERED UNDER THE KRAFT FOODS GROUP, INC. GROUP BENEFITS PLAN AS SET FORTH IN THE KRAFT HEINZ COMPANY GROUP BENEFIT TRUST I.

Program Service Accomplishments

Program 1

Expenses: $181,585,619

PAYMENT OF HEALTH CARE AND LIFE INSURANCE BENEFITS FOR ELIGIBLE EMPLOYEES AND DEPENDENTS UNDER THE KRAFT HEINZ COMPANY GROUP BENEFIT TRUST I.

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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 $181,356,343

Investment Income $277,159

Other Revenue $3,798

TOTAL REVENUE $181,637,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,619

Fundraising Expenses $0

Program Expenses $181,585,619

Other Expenses $143,180

TOTAL EXPENSES $181,733,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,637,300	$170,295,636	+0.1%
Expenses	$181,733,418	$181,620,371	+0.0%
Net Income	$-96,118	$-11,324,735	-1.0%

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

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
EMPLOYEE BENEFITS ADMIN BOARD	TRUSTEE	2.00	Director	$0	$0	$0
N/A	TRUSTEE	40.00		$4,619	$0	$4,619

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	$181,637,300	$181,733,418	$982,475	$-96,118
2022	$170,295,636	$181,620,371	$1,078,593	$-11,324,735
2021	$215,379,919	$204,838,938	$12,403,328	$10,540,981
2020	$197,840,421	$199,922,236	$1,862,347	$-2,081,815
2019	$193,099,409	$192,306,988	$3,944,163	$792,421
2018	$192,450,339	$192,058,875	$3,151,742	$391,464

KRAFT HEINZ COMPANY GROUP BENEFIT TRUST I