HB FULLER COMPANY WELFARE BENEFITS TRUST (EIN 411743540) - 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

1996

Legal Domicile

Phone

6512365900

Tax Period

2023-12-01 to 2024-11-30

HB FULLER COMPANY WELFARE BENEFITS TRUST, founded in 1996, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 59% operating margin.

Mission

THE PURPOSE OF THE WELFARE BENEFITS IS TO PROVIDE POST-RETIREMENT BENEFITS TO FORMER EMPLOYEES OF H.B. FULLER COMPANY.

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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 $5,877,972

Investment Income $94,251

Other Revenue $0

TOTAL REVENUE $5,972,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,129

Fundraising Expenses $0

Program Expenses $0

Other Expenses $170,414

TOTAL EXPENSES $2,428,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,972,223	$2,040,070	+1.9%
Expenses	$2,428,592	$2,690,368	-0.1%
Net Income	$3,543,631	$-650,298	-6.4%

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

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
US BANK NA	TRUSTEE	1.0		$14,129	$0	$14,129

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	$5,972,223	$2,428,592	$176,044,070	$3,543,631
2023	$2,040,070	$2,690,368	$133,453,163	$-650,298
2022	$3,688,672	$2,566,059	$120,781,869	$1,122,613
2021	$2,443,870	$2,866,848	$135,701,345	$-422,978
2020	$3,093,139	$2,852,226	$109,055,115	$240,913
2019	$2,901,628	$2,951,749	$94,473,499	$-50,121
2018	$3,022,379	$2,958,021	$82,910,555	$64,358

HB FULLER COMPANY WELFARE BENEFITS TRUST