W E UPJOHN UNEMPLOYMENT TRUSTEE CO… - 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

1932

Legal Domicile

Principal Officer

MICHAEL HORRIGAN

Phone

2693435541

Tax Period

2025-01-01 to 2025-12-31

W E UPJOHN UNEMPLOYMENT TRUSTEE CORPORATION, founded in 1932, is a mid-sized nonprofit in the Employment sector that reported $29.5M in total revenue in fiscal year 2025. Revenue fell 70% from the prior year — a significant decline worth monitoring. Net assets of $292.4M represent 119 months of operating reserves.

Mission

TO CONDUCT RESEARCH INTO THE CAUSES AND EFFECTS OF UNEMPLOYMENT AND TO STUDY AND INVESTIGATE THE FEASIBILITY AND METHODS OF INSURING AGAINST UNEMPLOYMENT AND TO DEVISE WAYS AND MEANS OF PREVENTING AND ALLEVIATING THE DISTRESS AND HARDSHIP CAUSED BY UNEMPLOYMENT, AND TO CREATE, EXPERIMENT WITH AND PUT INTO EFFECT ANY PLAN OR DEVICE THAT THE BOARD OF TRUSTEES MAY DETERMINE FEASIBLE TO ACCOMPLISH SAID PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $14,564,306 Revenue: $27,521

WORKFORCE DEVELOPMENT PROGRAMS DESIGNED TO CONNECT JOB SEEKERS, EMPLOYERS, TRAINING PARTNERS, AND EDUCATORS. PROGRAMS HELP JOB SEEKERS FIND CAREER OPPORTUNITIES AND PREPARE A QUALIFIED WORKFORCE TO...

Program 2

Expenses: $7,640,251 Revenue: $11,334,587

RESEARCH PROJECTS FOCUS ON LABOR MARKETS, ADDRESSING THE CAUSES OF UNEMPLOYMENT, EDUCATION AND TRAINING SYSTEMS TO IMPROVE WORKER'S EMPLOYABILITY, AND INFLUENCE OF GOVERNMENT POLICIES ON LABOR...

RESEARCH PROJECTS FOCUS ON LABOR MARKETS, ADDRESSING THE CAUSES OF UNEMPLOYMENT, EDUCATION AND TRAINING SYSTEMS TO IMPROVE WORKER'S EMPLOYABILITY, AND INFLUENCE OF GOVERNMENT POLICIES ON LABOR MARKETS. RESEARCH IS DISSEMINATED SO INSTITUTE INSIGHT REACHES POLICY MAKERS, ADVOCATES AND PRACTITIONERS WHO CAN PUT IT TO USE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $10,110,479

Program Service Revenue $11,362,108

Investment Income $8,046,583

Other Revenue $-14,573

TOTAL REVENUE $29,504,597

Expense Breakdown

Grants Paid $3,773,632

Salaries & Benefits $16,726,003

Fundraising Expenses $0

Program Expenses $22,204,557

Other Expenses $9,014,907

TOTAL EXPENSES $29,514,542

Year-over-Year Comparison

	2025	2024	Change
Revenue	$29,504,597	$98,319,707	-0.7%
Expenses	$29,514,542	$31,176,536	-0.1%
Net Income	$-9,945	$67,143,171	-1.0%

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

155

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

$955,884

Total Directors

Key Employees

$581,630

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN FINK	TRUSTEE	1.00	Director	$0	$0	$0
JORGE GONZALEZ	SECRETARY-TREASURER	1.00	Officer 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
AMANDA VAN DUSEN	TRUSTEE	1.00	Director	$0	$0	$0
B JOSEPH WHITE	SECRETARY-TREASURER - PARTIAL YEAR	1.00	Officer Director	$0	$0	$0
MICHAEL HORRIGAN	PRESIDENT	40.00	Officer	$460,738	$41,820	$502,558
DONALD EDGERLY	CHIEF ADMINISTRATIVE OFFIC	40.00	Officer	$177,024	$50,805	$227,829
KATHY BREYFOGLE	CHIEF FINANCIAL OFFICER	40.00	Officer	$192,052	$33,445	$225,497
ALFONSO FLORES-LAGUNES	VP & DIRECTOR OF RESEARCH	40.00	Key Emp	$339,312	$23,338	$362,650
BENJAMIN DAMEROW	SENIOR DIRECTOR, CWIS	40.00	Key Emp	$169,960	$49,020	$218,980
SUSAN N HOUSEMAN	SENIOR ECONOMIST	40.00	Highest	$301,336	$59,544	$360,880
AARON SOJOURNER	SENIOR ECONOMIST	40.00	Highest	$285,589	$63,863	$349,452
BRAD HERSHBEIN	SR ECONOMIST / DEPUTY	40.00	Highest	$256,422	$40,973	$297,395
TIMOTHY BARTIK	SENIOR ECONOMIST	40.00	Highest	$182,560	$0	$182,560
IRYNA LENDEL	SENIOR DIRECTOR OF REGIOIN	40.00	Highest	$226,947	$50,551	$277,498

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
2025	$29,504,597	$29,514,542	$301,007,494	$-9,945
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 CORPORATION