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

1990

Legal Domicile

Principal Officer

KOURTNEY KARLESKI

Tax Period

2023-01-01 to 2023-12-31

KRAFT HEINZ COMPANY GROUP BENEFIT TRUST II, founded in 1990, is a micro nonprofit that reported $98K in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 1682% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE GROUP DISABILITY BENEFITS TO CURRENT AND FORMER EMPLOYEES COVERED UNDER THE KRAFT FOODS GROUP, INC. EMPLOYEE-PAID GROUP BENEFITS PLAN AS SET FORTH IN THE KRAFT HEINZ COMPANY GROUP BENEFIT TRUST II.

Program Service Accomplishments

Program 1

Expenses: $1,733,558

TO PROVIDE GROUP DISABILITY BENEFITS TO CURRENT AND FORMER EMPLOYEES COVERED UNDER THE KRAFT HEINZ COMPANY GROUP EMPLOYEE-PAID GROUP BENEFITS PLAN.

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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 $0

Investment Income $98,251

Other Revenue $0

TOTAL REVENUE $98,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,612

Fundraising Expenses $0

Program Expenses $1,733,558

Other Expenses $14,180

TOTAL EXPENSES $1,750,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,251	$45,061	+1.2%
Expenses	$1,750,350	$2,054,137	-0.1%
Net Income	$-1,652,099	$-2,009,076	-0.2%

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		$2,612	$0	$2,612

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	$98,251	$1,750,350	$1,607,008	$-1,652,099
2022	$45,061	$2,054,137	$3,212,447	$-2,009,076
2021	$380,971	$2,392,606	$5,805,628	$-2,011,635
2020	$358,232	$2,713,703	$8,279,256	$-2,355,471
2019	$615,627	$3,081,363	$10,392,149	$-2,465,736
2018	$548,131	$3,708,040	$12,120,212	$-3,159,909

KRAFT HEINZ COMPANY GROUP BENEFIT TRUST II