SOLUTIA INC

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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

2007

Legal Domicile

Principal Officer

CHRISTOPHER MCREYNOLDS

Phone

4232240104

Tax Period

2023-01-01 to 2023-12-31

SOLUTIA INC, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 183% operating deficit.

Mission

TO PROVIDE RETIREE MEDICAL, RETIREE LIFE INSURANCE AND DISABILITY BENEFITS ("OTHER POST-EMPLOYMENT BENEFITS OR "OPEB") FOR CERTAIN EMPLOYEES OF SOLUTIA, INC. PURSUANT TO THE AGREEMENT AND INDENTURE OF TRUST MADE EFFECTIVE 2007.

Program Service Accomplishments

Program 1

PURSUANT TO THE FIRST AMENDED AND RESTATED RETIREE SETTLEMENT AGREEMENT DATED JULY 10, 2007, THE SOLUTIA RETIREE WELFARE TRUST WAS ESTABLISHED TO PROVIDE RETIREE MEDICAL, RETIREE LIFE INSURANCE AND DISABILITY BENEFITS ("OTHER POST-EMPLOYMENT BENEFITS OR "OPEB") FOR CERTAIN EMPLOYEES OF SOLUTIA, INC.

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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 $0

Program Service Revenue $1,432,339

Investment Income $776,017

Other Revenue $0

TOTAL REVENUE $2,208,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,000

Fundraising Expenses $0

Other Expenses $597,323

TOTAL EXPENSES $6,252,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,208,356	$3,472,948	-0.4%
Expenses	$6,252,248	$6,796,231	-0.1%
Net Income	$-4,043,892	$-3,323,283	+0.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	0.50		$5,000	$0	$5,000

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	$2,208,356	$6,252,248	$89,472,496	$-4,043,892
2022	$3,472,948	$6,796,231	$88,859,895	$-3,323,283
2021	$6,338,046	$7,938,924	$108,627,625	$-1,600,878
2020	$5,920,241	$7,520,848	$116,242,046	$-1,600,607
2019	$6,070,067	$9,004,722	$111,970,006	$-2,934,655
2018	$6,667,451	$10,142,223	$107,951,609	$-3,474,772