3M EMPLOYEE WELFARE BENEFIT ASSOCIATION TRUST III

EIN: 411746690

ST PAUL, MN

Total Revenue
$5,026
Total Expenses
$475,854
Total Assets
N/A
Net Assets
N/A
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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
1992
Legal Domicile
MA
Principal Officer
THE BANK OF NEW YORK MELL
Phone
6513026523
Tax Period
2023-01-01 to 2023-12-31

3M EMPLOYEE WELFARE BENEFIT ASSOCIATION TRUST III, founded in 1992, is a micro nonprofit that reported $5K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $476K exceeded revenue, resulting in a 9368% operating deficit.

Mission

FINANCE THE COSTS ASSOCIATED WITH PROVIDING LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEES.

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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 $0
Investment Income $1,284
Other Revenue $3,742
TOTAL REVENUE $5,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,850
Fundraising Expenses $0
Other Expenses $830
TOTAL EXPENSES $475,854

Year-over-Year Comparison

2023 2022 Change
Revenue $5,026 $4,480,877 -1.0%
Expenses $475,854 $5,756,831 -0.9%
Net Income $-470,828 $-1,275,954 -0.6%
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
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
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
$3,850 $0 $3,850
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
2023 $5,026 $475,854 No data $-470,828
2022 $4,480,877 $5,756,831 $488,397 $-1,275,954
2021 $4,077,707 $5,699,215 $7,144,101 $-1,621,508
2020 $3,643,452 $5,395,063 $10,652,358 $-1,751,611
2019 $5,188,602 $8,955,139 $14,263,590 $-3,766,537
2018 $6,077,393 $10,182,131 $18,728,220 $-4,104,738
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