DISCOVER FINANCIAL SERVICES WELFARE BENEFITS TR

EIN: 376517664

Riverwoods, IL

Total Revenue
$86,542
Total Expenses
$535,826
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
2011
Legal Domicile
IL
Principal Officer
Amy Hess
Phone
2244050900
Tax Period
2021-01-01 to 2021-12-31

DISCOVER FINANCIAL SERVICES WELFARE BENEFITS TR, founded in 2011, is a micro nonprofit that reported $87K in total revenue in fiscal year 2021. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $536K exceeded revenue, resulting in a 519% operating deficit.

Mission

The mission is to fund retirees' health and welfare costs.

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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 (2021)

Revenue Breakdown

Contributions & Grants $86,418
Program Service Revenue $0
Investment Income $124
Other Revenue $0
TOTAL REVENUE $86,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $535,826
Other Expenses $13,075
TOTAL EXPENSES $535,826

Year-over-Year Comparison

2021 2020 Change
Revenue $86,542 $1,114,370 -0.9%
Expenses $535,826 $704,453 -0.2%
Net Income $-449,284 $409,917 -2.1%
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
1
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Chung VP, Employee Rewards & HR Services 0.0
Officer
$0 $0 $0
Erin Stieber SVP, Corporate Finance 0.0
Officer
$0 $0 $0
Shifra Kolsky SVP, Controller and CAO 0.0
Officer
$0 $0 $0
Tim Schmidt SVP & Treasurer 0.0
Officer
$0 $0 $0
Lisa Weisglass VP, Corporate Tax 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
2021 $86,542 $535,826 No data $-449,284
2020 $1,114,370 $704,453 $449,284 $409,917
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