RBC USA Health & Welfare Benefit Plan (EIN 376395038) - 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

2002

Legal Domicile

Principal Officer

Rohit Sharma

Phone

2124286200

Tax Period

2023-01-01 to 2023-12-31

RBC USA Health & Welfare Benefit Plan, founded in 2002, is a major nonprofit in the Mutual Benefit sector that reported $189.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $183.5M left a modest 3% surplus.

Mission

A self-insured employee welfare benefit plan that provides medical, pharmacy and dental benefits to eligible employees and former employees of US subsidiaries of RBC under COBRA

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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 $189,663,277

Program Service Revenue $0

Investment Income $284,129

Other Revenue $0

TOTAL REVENUE $189,947,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,309,854

TOTAL EXPENSES $183,530,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,947,406	$162,971,805	+0.2%
Expenses	$183,530,653	$163,852,794	+0.1%
Net Income	$6,416,753	$-880,989	-8.3%

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

N/A

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
See Schedule O	See Schedule O	0.0	Officer	$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	$189,947,406	$183,530,653	$16,870,962	$6,416,753
2022	$162,971,805	$163,852,794	$10,408,832	$-880,989
2021	$154,138,763	$157,849,981	$11,254,839	$-3,711,218
2020	$143,841,161	$141,130,215	$14,581,925	$2,710,946

RBC USA Health & Welfare Benefit Plan