3M EMPLOYEES' BENEFITS TRUST ASSOCIATION

EIN: 411414203

ST PAUL, MN

Total Revenue
$12,933,042
Total Expenses
$12,699,179
Total Assets
$4,543,233
Net Assets
$4,543,233
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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
1981
Legal Domicile
MA
Principal Officer
THE BANK OF NEW YORK MELL
Phone
6517368146
Tax Period
2023-01-01 to 2023-12-31

3M EMPLOYEES' BENEFITS TRUST ASSOCIATION, founded in 1981, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

FINANCE BENEFITS UNDER THE 3M EMPLOYEES FAMILY MONTHLY INCOME BENEFIT AND OPTIONAL LIFE INSURANCE PLAN SPONSORED BY THE 3M EMPLOYEES' BENEFITS TRUST ASSOCIATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,738,761
Investment Income $178,409
Other Revenue $15,872
TOTAL REVENUE $12,933,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $97,622
TOTAL EXPENSES $12,699,179

Year-over-Year Comparison

2023 2022 Change
Revenue $12,933,042 $14,742,326 -0.1%
Expenses $12,699,179 $14,471,303 -0.1%
Net Income $233,863 $271,023 -0.1%
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

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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
N/A TRUSTEE 1.00
$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 No data No data No data No data
2023 $12,933,042 $12,699,179 $4,543,233 $233,863
2022 $14,742,326 $14,471,303 $4,217,705 $271,023
2021 $14,822,010 $14,876,811 $4,759,635 $-54,801
2020 $6,092,132 $16,324,571 $4,956,749 $-10,232,439
2019 $16,440,710 $16,077,225 $14,734,343 $363,485
2018 $16,317,494 $15,958,127 $13,845,515 $359,367
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