3M EMPLOYEE WELFARE BENEFIT ASSOCI… - 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

1992

Legal Domicile

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 3M EMPLOYEES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

FINANCE THE COSTS ASSOCIATED WITH PROVIDING LIFE INSURANCE BENEFITS TO RETIRED 3M EMPLOYEES. FINANCING ACTIVITIES TERMINATED DURING THE TAXABLE PERIOD ENDED DECEMBER 31, 2023.

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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 $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

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	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

3M EMPLOYEE WELFARE BENEFIT ASSOCIATION TRUST III