W E UPJOHN UNEMPLOYMENT TRUSTEE CORP (EIN 381360419) - 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

1932

Legal Domicile

Principal Officer

MICHAEL HORRIGAN

Phone

2693435541

Tax Period

2024-01-01 to 2024-12-31

W E UPJOHN UNEMPLOYMENT TRUSTEE CORP, founded in 1932, is a mid-sized nonprofit in the Employment sector that reported $98.3M in total revenue in fiscal year 2024. Revenue surged 297% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67.1M, a strong 68% operating margin.

Mission

TO STUDY POLICY-RELATED ISSUES OF EMPLOYMENT AND UNEMPLOYMENT AND APPLY KNOWLEDGE GAINED THROUGH RESEARCH TO HELP PREVENT AND ALLEVIATE THE DISTRESS AND HARDSHIP CAUSED BY UNEMPLOYMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,635,679

Program Service Revenue $9,106,373

Investment Income $77,561,584

Other Revenue $16,071

TOTAL REVENUE $98,319,707

Expense Breakdown

Grants Paid $4,971,301

Salaries & Benefits $15,792,764

Fundraising Expenses $0

Program Expenses $24,138,520

Other Expenses $10,412,471

TOTAL EXPENSES $31,176,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,319,707	$24,793,042	+3.0%
Expenses	$31,176,536	$29,934,192	+0.0%
Net Income	$67,143,171	$-5,141,150	-14.1%

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

Governance

Voting Members

Independent Members

Employees

153

Volunteers

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

$903,767

Total Directors

Key Employees

$814,991

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HORRIGAN	PRESIDENT	40.00	Officer	$427,338	$41,892	$469,230
SUSAN N HOUSEMAN	VP & DIRECTOR OF RESEARCH	40.00	Key Emp	$315,215	$65,179	$380,394
AARON SOJOURNER	SENIOR ECONOMIST	40.00	Highest	$260,670	$42,082	$302,752
BRAD HERSHBEIN	SR ECONOMIST / DEPUTY	40.00	Highest	$245,761	$39,054	$284,815
TIMOTHY BARTIK	SENIOR ECONOMIST	40.00	Highest	$254,661	$3,865	$258,526
IRYNA LENDEL	SENIOR DIRECTOR OF REGIOINAL ECONOMIC & COMMUNITY	40.00	Highest	$218,200	$30,555	$248,755
ALFONSO FLORES-LAGUNES	VP & DIRECTOR OF RESEARCH	40.00	Key Emp	$209,475	$13,397	$222,872
DONALD EDGERLY	CHIEF ADMINISTRATIVE OFFICE	40.00	Officer	$170,207	$48,045	$218,252
KATHY BREYFOGLE	CHIEF FINANCIAL OFFICER	40.00	Officer	$184,552	$31,733	$216,285
MARTA LACHOWSKA	SENIOR ECONOMIST & DEPUTY DIRECTOR OF RESEARCH	40.00	Highest	$189,769	$23,448	$213,217
BENJAMIN DAMEROW	SENIOR DIRECTOR, CWIS	40.00	Key Emp	$169,623	$42,102	$211,725
KATHRYN FINK	TRUSTEE	1.00	Director	$0	$0	$0
JORGE GONZALEZ	TRUSTEE	1.00	Director	$0	$0	$0
BILL MANNS	TRUSTEE	1.00	Director	$0	$0	$0
LA JUNE MONTGOMERY TABRON	TRUSTEE	1.00	Director	$0	$0	$0
DONALD R PARFET	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
SYDNEY PARFET	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JESSE ROTHSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
FRANK SARDONE	TRUSTEE- PARTIAL YEAR	1.00	Director	$0	$0	$0
AMANDA VAN DUSEN	TRUSTEE	1.00	Director	$0	$0	$0
B JOSEPH WHITE	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
EILEEN WILSON-OYELARAN	TRUSTEE- PARTIAL YEAR	1.00	Director	$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	$98,319,707	$31,176,536	$268,191,442	$67,143,171
2023	$24,793,042	$29,934,192	$251,303,030	$-5,141,150
2022	$25,753,689	$27,590,896	$228,309,174	$-1,837,207
2021	$28,869,507	$22,140,302	$279,939,178	$6,729,205
2020	$18,581,790	$21,640,579	$242,396,888	$-3,058,789
2019	$30,548,088	$21,489,893	$227,724,917	$9,058,195
2018	$25,240,729	$20,208,870	$193,387,915	$5,031,859

W E UPJOHN UNEMPLOYMENT TRUSTEE CORP