Wells Fargo & Co Employee Benefit … - 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

1991

Legal Domicile

Principal Officer

Jeff Roy

Phone

9802210098

Tax Period

2023-01-01 to 2023-12-31

Wells Fargo & Co Employee Benefit Trust for Retiree, founded in 1991, is a mid-sized nonprofit that reported $52.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $46.8M left a modest 11% surplus.

Mission

The trust was esablished to provide medical benefits for retired employees of Wells Fargo Co.

Program Service Accomplishments

Program 1

Expenses: $46,780,332

The exempt purpose is to provide medial benefits to retired employees of Wells Fargo Co.

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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 $39,946,051

Investment Income $2,549,717

Other Revenue $10,143,654

TOTAL REVENUE $52,639,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,780,332

Other Expenses $17,889,242

TOTAL EXPENSES $46,780,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,639,422	$55,430,211	-0.1%
Expenses	$46,780,332	$54,873,611	-0.1%
Net Income	$5,859,090	$556,600	+9.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Institutional Trustee	N/A		$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	$52,639,422	$46,780,332	$284,432,378	$5,859,090
2022	$55,430,211	$54,873,611	$277,132,250	$556,600
2021	$46,494,282	$49,762,454	$295,455,025	$-3,268,172
2020	$50,023,312	$57,882,932	$302,144,718	$-7,859,620
2019	$50,465,288	$64,961,154	$307,646,291	$-14,495,866
2018	$54,738,324	$69,735,011	$300,150,742	$-14,996,687

Wells Fargo & Co Employee Benefit Trust for Retiree