JOHNSON CONTROLS WORLD SERVICES INC RETIREE BENEFITS TRUST (EIN 396630218) - 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

1984

Legal Domicile

Principal Officer

KATHY MLADA

Phone

4145241200

Tax Period

2024-01-01 to 2024-12-31

JOHNSON CONTROLS WORLD SERVICES INC RETIREE BENEFITS TRUST, founded in 1984, is a small nonprofit that reported $324K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $521K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO PROVIDE MEDICAL, PRESCRIPTION DRUG & DENTAL, VISION, & LIFE INSURANCE BENEFITS UNDER DESIGNATED BENEFITS PROGRAMS TO ELIGIBLE RETIRED EMPLOYEES OF JOHNSON CONTROLS WORLD SERVICES, 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $324,350

Other Revenue $0

TOTAL REVENUE $324,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $52,357

TOTAL EXPENSES $521,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,350	$271,170	+0.2%
Expenses	$521,298	$511,398	+0.0%
Net Income	$-196,948	$-240,228	-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

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
MARC VANDIEPENBEECK	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$0	$0
PIETER LENS	TREASURER	1.00	Officer Director	$0	$0	$0
MARLON J SULLIVAN	CHIEF HUMAN RESOURCES OFFICER	1.00	Director	$0	$0	$0
JODY YAEGER	VP GLOBAL TOTAL REWARDS	1.00	Director	$0	$0	$0
KATHY MLADA	VP HR BENEFITS & GLOBAL PAYROLL	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	$324,350	$521,298	$7,654,154	$-196,948
2023	$271,170	$511,398	$7,766,785	$-240,228
2022	$182,284	$514,604	$7,856,245	$-332,320
2021	$123,118	$527,766	$8,643,420	$-404,648
2020	$169,199	$656,128	$9,083,438	$-486,929
2019	$247,333	$743,841	$9,566,797	$-496,508
2018	$208,834	$956,780	$9,820,642	$-747,946

JOHNSON CONTROLS WORLD SERVICES INC RETIREE BENEFITS TRUST