Herman Miller Inc Benefits Trust

EIN: 382821076

Zeeland, MI

Total Revenue
$39,957,439
Total Expenses
$40,402,050
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
1986
Legal Domicile
MI
Principal Officer
The Huntington National Bank
Phone
6166543327
Tax Period
2021-05-01 to 2022-04-30

Herman Miller Inc Benefits Trust, founded in 1986, is a mid-sized nonprofit that reported $40.0M in total revenue in fiscal year 2021. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE HEALTH CARE BENEFITS

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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 $0
Program Service Revenue $39,957,320
Investment Income $119
Other Revenue $0
TOTAL REVENUE $39,957,439

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,670
TOTAL EXPENSES $40,402,050

Year-over-Year Comparison

2021 2020 Change
Revenue $39,957,439 $60,475,497 -0.3%
Expenses $40,402,050 $60,514,334 -0.3%
Net Income $-444,611 $-38,837 +10.4%
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
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
The Huntington National Bank trustee 1.0
$6,670 $0 $6,670
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
2022 $39,957,439 $40,402,050 No data $-444,611
2021 $60,475,497 $60,514,334 $444,611 $-38,837
2020 $54,019,180 $57,068,844 $483,448 $-3,049,664
2019 $58,071,064 $54,640,018 $3,533,112 $3,431,046
2018 $53,956,681 $53,977,746 $102,066 $-21,065
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