EMPLOYEE BENEFIT TRUST OF BANK OF

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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

1973

Legal Domicile

Principal Officer

BRENT HEINTZELMAN

Phone

4122342242

Tax Period

2023-01-01 to 2023-12-31

EMPLOYEE BENEFIT TRUST OF BANK OF, founded in 1973, is a major nonprofit in the Mutual Benefit sector that reported $206.4M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

PROVIDING HEALTH AND WELFARE BENEFITS FOR MEMBERS

Program Service Accomplishments

Program 1

THE PRIMARY EXEMPT PURPOSE ACHIEVEMENT FOR THIS VEBA DURING THE YEAR WAS THE PAYMENT OF HEALTH AND WELFARE BENEFITS AND PREMIUMS FOR PLAN PARTICIPANTS AND DEPENDENTS

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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 $205,466,447

Investment Income $944,096

Other Revenue $0

TOTAL REVENUE $206,410,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $19,230,239

TOTAL EXPENSES $211,177,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,410,543	$152,760,593	+0.4%
Expenses	$211,177,011	$155,905,998	+0.4%
Net Income	$-4,766,468	$-3,145,405	+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

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
N/A	TRUSTEE (SEE SCHEDULE O)	0.0		$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
2024	No data	No data	No data	No data
2023	$206,410,543	$211,177,011	$11,119,142	$-4,766,468
2022	$152,760,593	$155,905,998	$15,885,610	$-3,145,405
2021	$142,473,885	$145,682,407	$19,031,015	$-3,208,522
2020	$136,095,330	$138,722,322	$22,239,537	$-2,626,992
2019	$139,188,601	$141,082,665	$24,866,529	$-1,894,064
2018	$137,215,264	$141,991,318	$26,760,593	$-4,776,054